Quote:
Originally Posted by Charlatan
Fiscally speaking, there is a big difference between what you describe as traditional conservative values and what the Bush administration has done over the past 8 years. Their policies, the ownership society, etc. have directly encourage the marketing of sub-prime mortgages and the lowering of the entry into credit (and credit cards).
If you are a government that *leads* you should lead by policy and you should lead by example.
The Bush administration's examples and policy suggest that it's a good idea to spend what you don't have.
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IMO, the marketing of sub-prime mortgages and the lowering of entry into credit was the result of banking deregulation in the late 90s...an effort that was led in Congress by Sen. Phil Gramm (with the capulation of Clinton), who is now McCain's top economic adviser.