It was not capitalism that caused this recession, but government. The real estate bubble was caused by government housing subsidies and affordable housing policies.
>>It was not capitalism that caused this recession, but government.<<
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Never heard the saying that anything government touches turns to $hit? The proof has been staring us in the face for half a century.
If I uderstand it correctly, it started with Clinton pushing houses for anyone even those who could not afford it. It allowed government to step in to the bankers realm and allow loans against bankers prudence. So it was not free market capitalism that brought it down it was pure government intervention. Government playing banker.
Bankers on their own would never lend on a ninja.
And then all that money had to go some where ... so then we can talk about velocity of money and the multiplier. With this there was needless to say a huge expansion in the money supply. The money had to find a home.
When obama triples the debt, a similar thing will happen.... excepting the results will be far more severe for the common man. America and its dollar will be destroyed. IMO
By democrats and RINOs.