Quote:
Originally Posted by dippin
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.
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Obama and his supporters are a bunch of drama queens. In order for Obama to come across as the savior, he had to make it appear as if we were near the biggest economic catastrophe in the history of the nation. "Bubbles" form and burst all the time, there are economic winners and losers all the time, for everyone who paid too much for a house another person got an economic windfall. Real money and real wealth just doesn't disappear. Our economy goes through cycles, it is natural, and what we are learning is that government can not "manage" our economy.