> > what facts? after all this back and forth are you
> still in denial the bush administration was largely
> > responsible for the "subprime mortgage crisis"?
> That seems like a reasonable denial to me. It goes back
> to the early 1980s. But that doesn't excuse the failure
> to act, which is crystal clear in hindsight. That is what
> is so sad about those who continue to endorse the same
> policies, or more extreme versions of the same.
> Nick
i am not denying reagan started it, but he backed down after the mid-term
elections. it was under bush II that the economy went completely out of
control. it still could have been contained after 9/11, but when he started
insanely spending to finance the war in iraq, national bankruptcy became a
distinct possibility. in the process, he turned most of the world against an
america that had lost its way. his solution was... shop til you drop! well,
we're dropping, all right... the extremes of the last eight years have come
home to roost, and the consequences are only beginning to be felt. even obama
can't stop what is to come. he can only try to lessen the pain and take
america in a new direction...
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