The Community Reinvestment Act and the economic collapse
www.conservatibbs.com
Barack Obama is correct when he says that it is unwise to return to the policies that got us into the recession of 2008. The problem is that Obama identifies the wrong policies as reasons for the economic collapse four years ago. The problem is not the Bush tax cuts. (I have never seen it explained how tax cuts caused the recession. How does allowing people to keep more of what they earn hurt the economy?) The problem is the Community Reinvestment Act.
The Community Reinvestment Act and the economic collapse
The Community Reinvestment Act and the…
The Community Reinvestment Act and the economic collapse
Barack Obama is correct when he says that it is unwise to return to the policies that got us into the recession of 2008. The problem is that Obama identifies the wrong policies as reasons for the economic collapse four years ago. The problem is not the Bush tax cuts. (I have never seen it explained how tax cuts caused the recession. How does allowing people to keep more of what they earn hurt the economy?) The problem is the Community Reinvestment Act.