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Wednesday, October 5, 2016
Recession nonsense 2008
A republican blaming a democrat president for the weak economic recovery is like the Lakers blaming Luke Walton for the team's crap performance the last decade. (Good luck, Luke. You'll need it. Go Clippers.)
A republican administration - and, post 9/11, one with as free a hand as any since Lincoln's - was on watch as the banking industry, with the help of relaxed regulations, care of the business friendly red team, burned itself to the ground, taking two and a half million of us with it.
And, of course, no one from the administration or the financial industry has been held accountable for any part of the collapse*, though Americans all over bear the withering effects of it still.
http://www.forbes.com/sites/melaniehaiken/2014/06/12/more-than-10000-suicides-tied-to-economic-crisis-study-says/#781503b31cbb
http://www.nytimes.com/2014/05/04/magazine/only-one-top-banker-jail-financial-crisis.html?_r=0
Labels:
2008,
aig,
b of a,
banking,
bear stearns,
democrat,
Kareem,
marsh,
republican
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