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Originally Posted by Ed Hammer
Funny you say this.
Democrats blame Bush for the economy, and are very fast to place all blame on him.
If you bring up that the housing market crashing was because of a bill that president Clinton signed, They get MAD and refuse to discuss it further.
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It wasn't a bill. It was de regulation. A very over simplified reason is this : Loans were made to millions of people who could not afford to pay it back, of amounts that were greater than the value of the property.
Quote:
Originally Posted by Ed Hammer
Obama came in with a large debt.
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.. caused in great part by the Bush tax cuts and 2 Wars
Quote:
Originally Posted by Ed Hammer
..He claimed to cut it in half by the time he ran for re-election but he Failed, Not only did he Fail, he doubled it.
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It didn't double. In 2008 the Debt was at $12.3 Trillion Dollars. Today it is $16 Billion. This is a 30.08% increase, not 100%.
Predident Obama failed to control the rising debt thanks to Mitch McConnell, House majority leader Eric Cantor, and House speaker John Boehner, who seemed to oppose every move Obama tried and blocked many moves that would have helped lower the debt.