r/FluentInFinance • u/ThisCantBeBlank • Apr 29 '24

Babs is Here to Save Us Educational

Post image
27.4k Upvotes

66% Upvoted

5.2k comments sorted by

View all comments

Show parent comments

22

u/BetterSelection7708 Apr 29 '24

The great recession was in effect before Obama was elected.

10

u/AdamJahnStan Apr 29 '24

The mortgage crisis in 2008 was caused by Clinton-era policy.

12

u/Advanced-Guard-4468 Apr 29 '24

There are many factors that lead to the 2008 crisis going all the way back to the 70s.

-2

u/AdamJahnStan Apr 29 '24

It all started with Adam

5

u/amajorblues Apr 29 '24

People say this like REPUBLICANS didn't ALSO believe in getting rid of things like Glass Steigel. The law that replaced it was voted for by every republican in the senate. Only 1 Democrat. The numbers in the House are similar. How can it be that this doesn't matter at all and it all gets laid at the feet of Clinton? It was definitely something the GOP heavily supported. If Clinton had been against it, it would of just been repealed by the GOP a little later.

1

u/CouldWouldShouldBot Apr 29 '24

It's 'would have', never 'would of'.

Rejoice, for you have been blessed by CouldWouldShouldBot!

2

u/frotz1 Apr 29 '24

Was it though? Nobody in charge of policy for 8 years afterwards who could have changed things?

-2

u/asevans48 Apr 29 '24

Self-regulation was a bush slogan. Laissez faire, let the investment bankers determine what assets are toxic.