Quote:
Originally Posted by SailorMitch
After this Bush recession/financial market meltdown there won't be any money in 401k's anyway. Before the next administration "fixes" social security (and that problem has to be addressed sooner rather than later) there will be an endless parade of proposals, wacky and otherwise.
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I love how you Bush haters keep trying to lay the blame off on anyone but the Democrats. Apparently you haven't been paying attention. Jimmy Carter created the law that was used to make this mess. Clinton's head of HUD used this law to find that banks were rejecting too many mortgage applications from poor people who could not pay them back. Many of these applications were from black people, so he called it discrimination. He forced the banks to make loans to these unqualified people, and admitted in the press conference that the rate of default would rise as a result. Other followed suit to avoid government action against them.
Since the democrats are currently in charge, the hearing date for discovery on who caused this mess is set for after the election. How's that for a conspiracy theory?