Is the economy set to ferociously recover if the Supreme Court bitch slaps Obama tomorrow and his economy killing Mickey Mouse health care plan?
Simmering Frog
2012/06/27 23:36:38
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Top Opinion
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kir 2012/06/27 23:50:02It will be the first step in an economic recovery.
+3It will not suddenly recover with the repeal of Obamacare; we need a complete overhaul of our government: we need a budget passed; we need tax reform and regulation reform; we need a government that stops spending just because it can take more money away; and we need real reform to our social programs.
I have read this before and completely understand the original intention, and also that the road to hell is paved with the very best of intentions!
The bubble, or over inflated property values, was rearing it's ugly head in the late 1990's. Many provisions were added to this bill in the 90's by Clinton and I was able to buy a house with ZERO down and not much of a credit history. What did that do to the supply of buyers on the market, and we all know how that affected value. While I made the best of it, many people I know did not.
I am not excusing Bush for his inaction on a fundamentally flawed idea, but merely pointing out that I lived through and experienced first hand what was happening.
Another example of the incestuous relationship between banks and politicians.
Another fine example of the failure of government overreach!