Gustaf
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Posts: 29,779
Political Matrix
E: 0.39, S: -0.70
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« on: March 03, 2009, 01:56:15 PM » |
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Some of this stuff is deep-rooted and can't be pinned on anyone in particular. But it seems to me like both Bush and Greenspan messed up in the early years of this millennium, believing that 9/11 was causing an economic down-turn and stimulating the economy when it should really have been reined in.
In retrospect, those Bush tax-cuts sure were stupid. As was the low interest rate.
Clearly, the Bush administration must take a lot of blame for the current situation, but the Democrats didn't really do anything about it either when they had the chance.
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