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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (278536)9/25/2010 12:02:35 AM
From: koanRead Replies (3) | Respond to of 306849
 
<<They made the dollar worthless, IMHO.>>

Here is what happened IMO. When Clinton left office we were on our way to being debt free by 2012. Debt was declining fast.

Bush cut taxes for the rich by trillions, then started two wars (more trillions) and the let Wall street cheat us out of trillions.

And all of this unregulated theft by the very rich and creating an impending depression knocked us out. It left us trillions of dollars in gambling losses worlwide even as we frauded the world with our sub prime CDO's stamped triple AAA by Moody's and Standard and Poors.

I believe had Obama hired Volker, Krugman and stiglitz and let them go, we would have at least had a chance to get out of the mess bush put us into, but now things are probably just too screwed up.

And becasue the billionairs can now buy politicians by the dozen we are really going to be screwed as mindless puppets working for corporate American send us back into feudal times.