Decades of Negative Returns: A Long-Term Look at the Dow [View article]
I agree with jcrash. The blame for great crash of 2008 lies squarely on the shoulders of GWB: The money and political capital squandered fighting Iraq; the excessive stimulus checks and tax cuts post 911; the massive run-up in public debt (partly Congress' fault) after given a balanced budget in 2000; the lack of leadership and oversight of banks. Basically GWB went on vacation after the 2000 election. GWB, self-proclaimed as not a man for nuance, may be getting the message now, albeit too late.
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I agree with jcrash. The blame for great crash of 2008 lies squarely on the shoulders of GWB: The money and political capital squandered fighting Iraq; the excessive stimulus checks and tax cuts post 911; the massive run-up in public debt (partly Congress' fault) after given a balanced budget in 2000; the lack of leadership and oversight of banks. Basically GWB went on vacation after the 2000 election. GWB, self-proclaimed as not a man for nuance, may be getting the message now, albeit too late.
Oct 11 20:31 pm
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All Comments by Jolly_Rancher »Decades of Negative Returns: A Long-Term Look at the Dow [View article]