AdamT
DP Veteran
- Joined
- Jul 26, 2011
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Which one of Bush's policies caused the recession?
I mean, we're still in a recession 3 years into Obama's only term and you don't place any responsibility at his door step. Nothing new there, though...huh?
Bush's tax cuts contributed to the recession by creating excess liquidity which fueled the housing bubble. He actually prevented the states from enforcing stricter predatory lending laws, which also helped inflate the housing bubble. But mostly what he did was sit there with his thumb up his ass while the derivatives markets were going bat**** crazy.
I've pointed this out to you before, and don't expect it will help to point it out again, but the recession ended in the summer of 2009.