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U.S. Household Income Grew 5.2 Percent in 2015, Breaking Pattern of Stagnation
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Quote:Correct me if I'm wrong, but wasn't the trillion dollar war effort under bush not booked? That's false. The housing bubble started back in the 90's when sub-prime lending started. It only accelerated in the 2000's even though the Bush Administration tried to stop it. Remember Barney Frank declaring that Fannie Mae and Freddy Mac were just fine? Quote:As a Keynesian, the stimulus was exactly the right thing to do and the fact that the economy isn't in shambles right now proves it. The stimulus should have been larger in terms of investment in infrastructure and would have helped workers faster and at higher levels. Again wrong. Had those particular banks failed it would have taken not only the U.S. economy down, but also the world economy. The auto bailouts were wrong as was the failed "Cash for Clunkers" program. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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