Quote:
Originally Posted by Marvelous Marv
If it's necessary to explain that the stock and real estate markets under Clinton were a house of cards (which began to crumble BEFORE Bush), that the Dems blocked reform of Fannie and Freddie, and that the economy was fine during the SIX years the Republicans controlled Congress, there's no point in further discussion.
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Of course, the "fine" economy of those 6 years was merely the bubble that eventually burst. I'm not assigning blame to any party here, especially because in terms of economic policy they've been very similar over the last 3 decades, but it seems to me that there must be some pretty heavy cognitive dissonance going on to treat the bubble burst as a completely unrelated matter to the creation of the bubble itself, especially when you point out that a similar situation under Clinton was also part of a speculative bubble.