Enrique Gutierrez: The Economy - Part 1 - Bailout | Enrique Gutierrez
wizardelite
· 10 months ago
You state
"It all started in 2002, for the most part. As part of a stimulus arrangement to keep Americans focused on their pockets instead of the War in Iraq, post 9/11 - the housing market was grossly inflated."
I'd like to see any reference you have to support this statement and some conspiracy to take Americas minds off Iraq and 9/11. From everything that I've read this housing crisis started during the Clinton era. See http://bit.ly/17PZBO Bill Clinton helped caused the Housing Crisis.
Along the same lines I'd like to hear what you have to say about this spending bill (not stimulus) bill that Obama has put though as well. Along with the bailouts, I fail to see how this spending bill will do anything for this economy? Plus we can already see how much confidence Wall Street already thinks of what the White House and Obama is doing thus far.
wizardelite
· 10 months ago
Here is another link from TIME that also addresses Bill Clinton and his role in this Financial Crisis we are in. http://bit.ly/GDQg5
nrek
· 10 months ago
The statement regarding the War in Iraq was a thin layer of satire, but you have to admit - the housing boom in 2003 through 2005 really did help keep people "moving forward" with the buying craze.
There's no "conspiracy" talk here, outside of me linking big picture with choice events...
Ooooh I'll get to the uber stupid spending bill in Part 3 of this blog post, Chris. You're totally ahead of me haha!
Thank you for the super awesome comment, by the way! You, sir, rock!
wizardelite
· 10 months ago
I don't deny about the housing boom from 03 to 05 and what problems it caused. Just wanted to emphasize that what gave birth to that boom started a lot sooner.
Looking forward to reading the rest of this series and by the way Your Soo Money as well! :)
Coffee Soon! Let's plan!
Joel
· 10 months ago
Good shit! I hate yappy little dogs even more than I hate bailouts! The mere fact that the fed failed to regulate the "bubbles" by keeping rates low says something doesn't it? Clinton may have "started" it but who finished it? Joel
nrek
· 10 months ago
JOEL! shit man, we need to catch up...
I agree, even if Clinton started it why are we all here hoping that Obama can finally clean it all up? Where the hell was W's priorities for the EIGHT years he was in office? Oh yea, oil control. Which we successfully kept from China, good job USA. But that's saved for Part 3 of this rant.
All Comments
"It all started in 2002, for the most part. As part of a stimulus arrangement to keep Americans focused on their pockets instead of the War in Iraq, post 9/11 - the housing market was grossly inflated."
I'd like to see any reference you have to support this statement and some conspiracy to take Americas minds off Iraq and 9/11. From everything that I've read this housing crisis started during the Clinton era. See http://bit.ly/17PZBO Bill Clinton helped caused the Housing Crisis.
Along the same lines I'd like to hear what you have to say about this spending bill (not stimulus) bill that Obama has put though as well. Along with the bailouts, I fail to see how this spending bill will do anything for this economy? Plus we can already see how much confidence Wall Street already thinks of what the White House and Obama is doing thus far.
Check this mess out:
http://www.google.com/trends?q=home+refinance&c...
There's no "conspiracy" talk here, outside of me linking big picture with choice events...
Ooooh I'll get to the uber stupid spending bill in Part 3 of this blog post, Chris. You're totally ahead of me haha!
Thank you for the super awesome comment, by the way! You, sir, rock!
Looking forward to reading the rest of this series and by the way Your Soo Money as well! :)
Coffee Soon! Let's plan!
I agree, even if Clinton started it why are we all here hoping that Obama can finally clean it all up? Where the hell was W's priorities for the EIGHT years he was in office? Oh yea, oil control. Which we successfully kept from China, good job USA. But that's saved for Part 3 of this rant.