re: Our country is over folks. Nobody believes in our institutions anymore

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That's an odd thing to say. The economic collapse in 2008 was because of GW and his administration crashing our economy.

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That's an odd thing to say. The economic collapse in 2008 was because of GW and his administration crashing our economy.

First off, I wasn't relating the two. The economic collapse could very well lead to the far left achieving total control.

Please tell me which W policy caused the economy to crash and why. I can't wait to read this answer.

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ebbandbleed......this is rich coming from a high functioning retard like you. Do you even irony?

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The economy would have faced rough sledding regardless of who was in office. Similarly, the country was facing a large and growing trade deficit in 2001 because of an overvalued dollar.

But President Bush did not take any steps to seriously counteract these real economic problems. His strategy was to give out tax breaks that heavily favored the richest people in the country. He also gave business, including the energy companies, the defense contractors, the drug companies, the insurance companies, and the financial industry, everything they wanted from the government, at the public's expense.

However, the massive handouts to the rich and the corporate lobbies didn't produce growth. For this, President Bush needed the housing bubble. The unprecedented run-up in house prices produced a record construction boom. More important, the $8 trillion housing bubble led to a consumption boom as people eagerly borrowed against their new housing wealth, sending the saving rate to zero.

While President Bush likes to pretend that the crash of the housing-market bubble is a surprise event, like a hurricane, for which we could not have possibly prepared, the reality is that it was an entirely predictable event, which was in fact predicted. President Bush's decision to ignore the growth of the housing bubble and the madness in the mortgage market was one of the most disastrous economic mistakes in the country's history.

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