like clock work, the economy crashed...
or did it?...
I remember the report about the House congressional committee meeting and predicting riots in the streets about the upcoming crash several months down the road...of course the rats denied it...
they wanted the bammy to be elected...funny, just as McCain and our Sarah were surging that the economy took the blip..with Tarp, etc...
there is only fact in life of our economy and that is the rich will always take everything if they can..
“look, back in early 2007 I remember that the economy was great up until the rats took both houses and ruined the economy..”
No. What happened is that the real estate bubble that had been driving the economy plateaued in 2007. It hung in space like the coyote in a roadrunner cartoon.
By summer 2008 buyers who had been betting on endless price gains began defaulting on their mortgages, imploding the CDO paper created from them. This nearly took down Bear Stearns, and did wreck heavily leveraged Lehman. That’s when the bubble blew. No Democrat treachery needed, they were just as clueless as the Republicans.