Obama must reject the GOP’s blackmail

Started Nov 11, 2012 | Discussions thread
JoeDaBassPlayer
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Re: Obama must reject the GOP’s blackmail
In reply to carlk, Nov 16, 2012

This was due to the Republican congress' keeping the lid on spending. We were also continuing the Reagan era economy. We did hit a bump from the luxury tax. We also avoided a bullet when Hilary Care was defeated.

We did not yet get hit in the head from the Community Reinvestment Act nor Bill Clinton's allowing the creation of Derivatives. The spending later got out of hand and we got bit by the allowing of bad debts and derivatives.

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