Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Editorials & Other Articles
In reply to the discussion: Did Republicans deliberately crash the US economy? [View all]Dawson Leery
(19,348 posts)52. Yes. As another poster stated, some of us saw this coming back in 2003
when Greenspan kept the prime rate at zero (9/11 was his excuse). Combine that with the deficit spending and cheap consumer debt, a massive bubble was being formed that would eventually burst. Jonathan Chait (LA Times) said it may be better if Bush won in 2004 (in the long run) since this massive bubble was going to explode, it would be only just for it to do so no Bush's watch.
Edit history
Please sign in to view edit histories.
90 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
I agree that we could have a full-employment economy, but I didn't see any filibusters on C-SPAN.
AnotherMcIntosh
Jun 2012
#44
Gotta agree about the inheritance of houses. That is a MAJOR boost to the kids, if the parents
Nay
Jun 2012
#84
The 1% is destroying capitalism by destroying the consumer factor in capitalism.
JDPriestly
Jun 2012
#76
What do we call people who sell out our nation for an ideology or a political party?
Cary
Jun 2012
#11
The Dems need to quit mumbling it to themselves, and start shouting it to the rafters!!
loudsue
Jun 2012
#15
Respectfully, I think that it started with Nixon and his open-trade policy with China.
AnotherMcIntosh
Jun 2012
#41
All the while gov employee's wages were increasing they were still trailing
rhett o rick
Jun 2012
#36
Uh it's the curriculum/textbook writers! They're meant to not teach, like the Everyday Math program,
Dont call me Shirley
Jun 2012
#50
In a sense, yes. Germany lent a lot of money or signed for loans lent to less wealthy
JDPriestly
Jun 2012
#78
Most definitely. The other important question is, Are Democrats enabling them by not
Cal33
Jun 2012
#20
Yes. You see, THEY can always find a way to profit, whether the economy is good or bad.
kestrel91316
Jun 2012
#23
How specificially did they crash it? Supported "free-trade" agreements? Bailed out banksters?
AnotherMcIntosh
Jun 2012
#29
IMHO, what get's rewarded gets repeated. How much do they want? How much do we have left?
AnotherMcIntosh
Jun 2012
#39
I think that they have decoupled from the rest of us. Your tag line is right on the money.
AnotherMcIntosh
Jun 2012
#42
And what they dont realize is that when the little fish are gone, they will be the
rhett o rick
Jun 2012
#43
Quite frankly, I'm surprised that none of their security people have turned on them.
AnotherMcIntosh
Jun 2012
#45
specifically: Concentration of wealth and deregulation - a prescription for disaster
Bill USA
Jun 2012
#89
IMO they crashed it in 2008 on purpose. They were able to control the bail-out then.
rhett o rick
Jun 2012
#37
Should we be surprised? Every rethug elected has to sign the contract with Norquist to drown the
jwirr
Jun 2012
#46
Yes, so they could install their fascist state while the rest of us were in a downfall.
Dont call me Shirley
Jun 2012
#48
And what's so sad is they don't even care - the top 1% is doing better than ever.
jillan
Jun 2012
#63