How the Democrats caused the financial crisis

IBD:
Financial Crisis Caused By Bad Policies, Not Tax Cuts
The authors do say Bush contributed to the problem with an easy money policy, but that was really a decision of the Fed.   The primary driver was the Democrat policy of forcing financial institutions to make loans to people who could not afford them.  The reduced standards were the primary driver of the problems that led to defaults that had a cascading effect on others including the banks.  It shows financial and economic ignorants or rank dishonesty to suggest that the tax cuts were responsible for the problem.

 

Comments

Popular posts from this blog

Russia attacking Iranian forces in Syria

Shortly after Nancy Pelosi visited Laredo, Texas and shook hands with mayor of Nuevo Laredo this happened