This video is an informative look at the factors that are causing our current financial and economic crisis. It discusses policy changes 13 years ago that unleashed the sub-prime mortgage-backed s…
10 Responses to “Burning Down The House: What Caused Our Economic Crisis? Bombshell”
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March 23rd, 2010 at 2:26 am
I thought when the election was over that we were doomed. Who would have thought that just a year of Obama/Pelosi/Reid would be more than enough to expose them for who they really are? Obama is already upside down in the newest polls. I can’t wait to see recompense in November.
March 23rd, 2010 at 2:51 am
@why760nitro -’Republicans enacted civil rights laws’-Not even close …. Southern Democrats voted against it; but overall your statement is false.Civil Rights Act of 1964The Senate version: * Democratic Party: 46 * Republican Party: 27The Senate version, voted on by the House: * Democratic Party: 153 * Republican Party: 136What have the Republicans done on any moral, socially beneficial issues, since the 1950’s ?
March 23rd, 2010 at 3:46 am
why760nitro …In the past 50 years. Dems. have taken the moral high ground on – clean air, water, safe food, and medicine, fair wages, equal pay, safe work places, Social Security, Medicare, etc. and fought by most conservatives, Republicans, Libertarians and corporate/family Elitists; as they restricted education, destroyed labor, exported jobs, deregulated the crooks, ignored and helped monopolies, tax cut for the top,logarithmically increased the DEBT – and their PROFITS.
March 23rd, 2010 at 3:50 am
i truley liked ur statistics and data’s. now maybe the democrats in office are terrible,but the idea of democracy is still good.u make it sound like democracy itself is the cause for this. But, it is those in office that made the mistakes.
March 23rd, 2010 at 4:45 am
Obama and friends should be in prison for what they have done to this economy….him and all his ACORN buddies and their socialist ideals. Why won’t Obama just move to France? It’s the perfect country for a guy like him. Stop ruining ours! He’s not even a legal citizen!
March 23rd, 2010 at 5:30 am
cevansroxy -’Obama and’-Reagan was a failure, business over labor [air traffic controller union]Greenspan admits it now. Deregulated and trusting the stock market?Promoted GATT, WTO, NAFTA treaties – exported jobs. DOUBLED THE NATIONAL DEBTGREATLY REDUCED TAXES ON THE TOPNo Republican have regulated monopolies since Taft and Teddy Roosevelt – they new it was not good for “competition or consumers”Reagan, Bush II = 12 T $ – War crimes – debtObama 700 B $
March 23rd, 2010 at 6:19 am
ReaganOmnibus Budget Reconciliation Act of 1981, Pub.L. 97-35 (1981)Bush II – promoted as Jobs programsEconomic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), Pub.L. 107-16 (2001)Jobs and Growth Tax Relief Reconciliation Act of 2003, Pub.L. 108-27 (2003)Net loss of jobs …All through ‘reconciliation’
March 23rd, 2010 at 7:18 am
I remember these events as they unfolded in the news. None of this was ever hidden from the public at that time… Yet today the majority of Americans have no clue or barely a clue. Thats why I say that democracy is over-rated. Call me what you want but the will of the majority is a scary thing indeed
March 23rd, 2010 at 7:21 am
We live in a Republic, not a Democracy.
March 23rd, 2010 at 7:36 am
heyi like older men! Dont ask meh why i am telling you this