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john302

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john302

Re: asus post# 20467

Monday, 03/09/2009 2:41:28 PM

Monday, March 09, 2009 2:41:28 PM

Post# of 38891
Bush's irresponsible deficit spending did NOT cause the recession we are in today. It boosted the economy, if anything. What caused the recession was deregulation of the financial sector, for instance the department overseeing the credit default sweeps was reduced from 100 or so ppl to just 1 person.
Deficit spending will come home to roost, but that is not at the heart of todays recession. Corruption in the free markets is. Good government and free markets need each other, extremism in one or the other is bad.

An investor's mind: http://www.retro.ms11.net/InvestorMind.gif

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