Bubble Economy News 2.0

I hear a lot of posters saying Obama is a failure.

I think the opposite esp. on the economy. Even Superman couldn’t fix the mess he inherited. I think people forget how devastating the bursting of the asset bubble was and how seriously it will affect our economy for a long time.

You obviously overlooked the fact that your wonderful prez was one of those who voted AGAINST the investigation of Freddy and Fannie’s actions that were the root cause of the housing market collapse?

If your such an ‘expert’ on the economy, see what you can find wrong with this explanation of what’s going on with the economy and stock market http://mises.org/daily/4654

RT @hiablog: Budget crises, health, and social welfare programmes [BMJ] http://j.mp/cZvVLf #publichealth #GFC #social #welfare
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Kudl
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4 trillones al dia
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QUOTE: "Long-term pressure from Frank and his colleagues to expand home ownership connects government housing policies to both the Housing Bubble and the poor quality of the mortgages on which it is based"

http://www.forbes.com/2009/02/13/housing-bubble-subprime-opinions-contributors_0216_peter_wallison_edward_pinto.html

Did the real estate collapse trigger insurance and banks to fail, and then further snowball into high unemployment?

.

Yes sir Frank and Dodd almost single handedly created the housing melt down by their inept legislative push for Fannie and Freddy to underwrite bad loans. They didn’t care as they got kick backs and sweet deals in doing so, and that is a fact