L. Coyote
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Sep-25-08 11:40 PM
Original message |
Question. How did Bush tax cuts contribute to the current financial situation? |
|
Just asking. Any economists out there?
|
On the Road
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Sep-25-08 11:45 PM
Response to Original message |
1. It's Not the Major Factor, |
|
but the additional federal borrowing displaced a certain amount of private debt.
|
SnoopDog
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Sep-25-08 11:47 PM
Response to Original message |
2. Not an economists but... |
|
Nothing at all. The tax cuts for the wealthy just made the rich get richer...
It was the explicit directive of Bush to 'not enforce' regulations that govern the requirements for obtaining a mortgage loan.
"no income' sure here is your loan.....
|
L. Coyote
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Sep-26-08 09:08 AM
Response to Reply #2 |
3. What about the housing bubble. Was it driven by the excess capital? |
|
Did the rich looking to invest drive the housing and commodities bubbles?
|
DU
AdBot (1000+ posts) |
Tue May 07th 2024, 11:54 AM
Response to Original message |