Government policies were designed to increase homeownership. Affordable Mortgages, created to realize this goal, were responsible for the Housing Bubble and distorted the economy. The unwinding of these distortions will result in a Global Depression.
The Affordable Mortgage Depression: It Took Two Centuries for the United States to Earn Its "Risk Free" Credit Rating. It Took the Obama Administration Two and a Half Years to Destroy That Rating.
It Took Two Centuries for the United States to Earn Its "Risk Free" Credit Rating. It Took the Obama Administration Two and a Half Years to Destroy That Rating.
...imagine what the President could do for the country in eight years.
8/7/2011 11:07 AM
Mac wrote:
actually, the modern robber baron oligarchs have been on a tear in screwing the working class since the 70's- so, no wage growth > no mass consumer > no real economic growth Reply to this
actually, the modern robber baron oligarchs have been on a tear in screwing the working class since the 70's- so, no wage growth > no mass consumer > no real economic growth
Reply to this