Quote:
Originally Posted by Spexxvet
Obama and the Democrats have spent 4 years cutting programs and taxes. The increased spending was all to save big business, jobs, and fix what the republicans broke.
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No, definitely not. Obama has increased the Federal gov't personnel by several thousands of gov't workers since taking office.
I agree that the Republicans AND the Democrats both were flagrantly stupid in pandering to "home ownership for everyone", and the "casino" type investment banking that Wall St. has been doing.
I will point out that it was Barney Franks (Democrat) who testified to Congress that the FANNIE MAE and FREDDIE MAC loan program was in "excellent health", in June of '08, and did NOTHING to stop it from going bankrupt in the next six months.
Yes, some big investments by the Feds were probably needed, just to help calm the nerves of the many people affected by the crash of '08.
You have to understand that, as our Debt climbs closer to 100% of our GDP, our leaders feel compelled to do more risky things to keep us fiscally moving forward. We can't keep walking barefoot across the broken glass, and not expect the occasional cut.