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Old 12-10-2012, 11:46 AM   #42
Gus330vrum
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Join Date: Mar 2011
Location: atlanta
Posts: 1,320
My Ride: 330ci
Quote:
Originally Posted by EverydayGetaway View Post
I find your ignorance disturbing. He was certainly not a good president, but if you think the recession was his fault then you should probably put down the Kool aid.

(Please pardon my auto-correct)
Recession has come and gone since 1913 when bank system came together and started borrowing money world wide to loan someone local , it created a problem when it came to rating Bad mortgage and selling as AAA to foreign bank/investers knowing that the rating was not correct based on how stable the house buyer income was...

But realistic it goes deeper and way back..

2007 recession was snowball from the 1980's or even ealier.

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