Tuesday, September 13, 2011

The Bush Depression

    Obama didn't create our current problem.  Republicans did.  Lack of regulation on packages of mortgages sales and Credit Default Swaps had the institutions making worse and worse loans to make massive sums of money.  Then Bush bailed them out with no accountability in the  $800B TARP bill.  If you don't want to research this, just watch the HBO movie "Too Big to Fail".  Obama's legislation stopped us from plunging into an even worse jobs crisis by saving GM (1 million jobs there alone) etc.  The new bill is aimed at stopping a double-dip recession.

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