Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The blow up happened in 2008 and he was warned it was coming and dismissed those who warned him. If interest rates had been raised in 2006 the damage could have been mitigated.
While also a failure at least Greenspan has owned up to it.
There are many things candidate Obama said he would do that President Obama forgot all about.
I simply corrected you when the economic crisis began. If you want to throw in the towel then that's on you.
If taxes are at some of their lowest levels in history, and the wealthiest in this country are richer than ever, why hasn’t the growth in the wealth of the middle class matched that of the top 2%?
#Exposing Republican Lies#
I love how virtually no one wants to discuss what the original poster stated.
Its not about who was president, or who was in charge, its about wealth, and power.
I love how virtually no one wants to discuss what the original poster stated.
Its not about who was president, or who was in charge, its about wealth, and power.
The president has to be the one to start addressing that. The largest wealth gap in our history was created by the Fed. A fed chairman could be appointed that would not make this his first priority.
If you give a trillion and take a million back in taxes, that does not solve the problem.
The president has to be the one to start addressing that. The largest wealth gap in our history was created by the Fed. A fed chairman could be appointed that would not make this his first priority.
If you give a trillion and take a million back in taxes, that does not solve the problem.
There wasn't a FED around in the late 19th/early 20th century when the last time we built up such a large gap. Inequality/wealth gap is a consequence of the "free market" and "capitalism" in the 19th, 20th, and 21st century.
I did address it, you just don't like it. You threw out a bunch of gossip, hindsight, and something about "if only they raised interest rates".
The crisis started in late 2007 which is a fact. Obama didn't even nominate Bernanke until late 2009 and wasn't confirmed until late 2010.
Indeed, if Bernanke has started raising rates in 2006 he could have mitigated some of the damage. As an aside, I'm not sure when January became late in the year.
The president has to be the one to start addressing that. The largest wealth gap in our history was created by the Fed. A fed chairman could be appointed that would not make this his first priority.
If you give a trillion and take a million back in taxes, that does not solve the problem.
Presidents dont actually have the power to address it. Thats the problem. Nor could a fed Chairman. Lets be honest, a dictatorship could resolve this, but our system cannot as its too owned by those with money.
Thats....actually the scariest sentence I can recall typing recently. Damn.
If a fed chairman tried to, you would quickly find out that the well bought congress and senate would hsut him down instantly.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
