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Originally Posted by aceventura3
Perhaps not everything, what about that Dot-com bubble bursting thingy?
Do you blame Clinton for that, like you would blame the sub-prime mortgage melt down on Bush?
Keep in mind that during the rise of the Dot-com bubble, government was the benefactor of abnormal tax receipts from speculators and day traders profiting from stocks with no economic value.
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Well, maybe not everything. But I was talking about the direction the national debt was headed.
I would blame investors, hedge fund/401k managers and speculators for a lot of the problems in the economy. They unnaturally inflate things by reducing the supply that they won't use (or had no part in producing). I'm not saying that they don't have a role in an economy and making it run. But it seems like they are the ones that pump things up to as high as they can go, and then get out at the top, while everyone else gets burnned.