
Originally Posted by
CLW
I'm all ears for any other cause of the recession other than anything directly/indirectly associated with the housing bubble and thus the liberal idea to lessen credit standards so that everyone could own a home regardless of whether they could afford one. The banking/insurance sector made STUPID moves associated with the lessening lending standards and sold crappy products to investors who wanted in on these "sure bets".
You take away the housing bubble/bust and most if not all of the economic problems in the private sector are gone.
Interestingly, Clinton largely benefited the MOST from two false bubbles during his presidency: (1) .com bubble (2) fake housing boom
Take away those two false beliefs at the time and the Clinton "boom" economy largely goes away.
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