(12-08-2017, 06:38 PM)hb1148 Wrote:

(12-02-2017, 12:14 AM)flsprtsgod Wrote: Well yeah, after the Democrats destroyed it in 2006 there was nowhere to go but up. Even still the Obama recovery was one of the slowest on record ever.

The causes were complex but if you had to point a finger, there is no question the GOP was primarily responsible for the 2007 economic crisis. You need to familiarize yourself with the Financial Crisis Inquiry Commission reports written by a non-partisan committee of Democrats and Republicans.

Huh??

Republicans were warning Democrats about the pending demise of the housing market. Democrats ignored this warning, and there are videos online that prove it.

The Clinton-era push to lend more to poor people through subprime mortgages via the CRA caused the downfall. The CRA commitments from banks went from couple billion in 1992 to 6.1 trillion in 2008. After being stagnant for 15 years, it increased only after Clinton enforced the CRA rules.

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