caconservative Wrote:
Dec 07, 2012 10:19 PM
(con't) and price controls in the 40s and 50s. Social Security was always going to be a time bomb and adding Medicare made it worse. And to top it all off, Fannie Mae, Freddie Mac, the community reinvestment act (carter) and its enforcement on steroids (clinton) created the entire subprime crisis. In the 90s, banks were punished by the government if they didn't have a certain percentage of subprime loans and Fannie Mae bought 'em up. The entire "great clinton economy" was a bubble, a fact everyone likes to forget. The problem in America, besides public employee unions and takers, is that we have a large chunk of the populace that thinks they are well informed, but aren't.