badgenome said:
bannedagain said:
badgenome said:
dsage01 said:
badgenome said:
I could have sworn the 2008 recession was precipitated by the sub-prime lending crisis, not by businesses in New York and California not paying enough taxes...
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That was the main reason but they were some side reasons like the U.S.A not spending taxes correctly
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I literally have no idea what that's supposed to mean. But if the government didn't make proper use of the taxes it did extract, how exactly would making poor use of more money have prevented a recession?
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Bush tax cuts, wars, Corporate loop-holes and the sub-prime lending. You can't just say what was the last thing that broke the camels back.
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I don't really see how the first three were particularly detrimental to the economy in the short term, unless you believe that debt and deficits are what caused the recession. The sub-prime crisis seems a far likelier culpri
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WARS ARE EXPENSIVE. YOU HAVE TO RAISE TAXES WHEN YOU GO TO WAR. When you put money back into jobs it makes sense.