“Gee wiz Donald, you econ genius, all of that crash happened precisely because of what “Democrats would have done’ and what they DID...”
I agree. GWB made some dumb decisions too, but the structure for the bubble and crash was rooted in laws passed by Democrats.
That is why I’m not a Trumpster. I’d vote for him against a Democrat in the general election. But I think it has been obvious at least since Bill Clinton that Democrats, as a rule, loathe what made America great and have no clue whatsoever about how the real world operates. They have no clue how their “fairness” policies CREATE bigger problems than the ones the are supposed to solve (but don’t).
“... the ability to become personally wealthy, while a damned good ability,hasn’t got anything to do necessarily with understanding the macro economy.”
More true words. Stuff going on under Obama with housing is setting up huge problems for us 10-20 years from now. If someone cannot understand that, they won’t understand how to head them off. If Trump couldn’t figure out in 2000 what problems were being created, then he won’t be much help now.
” but the structure for the bubble and crash was rooted in laws passed by Democrats.”
Gramm-Leach-Bliley, 1999?
Signed by Clinton but sponsored by Republicans Gramm and Leach.
Commodity Futures Modernization Act 2000?
Signed by Clinton but sponsored by Republicans Gramm and Ewing. Gramm insisted that the bill exempt derivatives and credit default swaps from oversight and regulation.
The legislation that greased the skids for the bubble was bipartisan.