S.T.A.G.E. said:
Kasz216 said:
S.T.A.G.E. said:
richardhutnik said:
Kasz216 said:
I'd guess because republicans have traditionally gotten us out of dicey economic times.
The last 6 or so recessions have stopped under Republicans outside the most recent one, though despite being "technically" over I doubt many people feel it's actually over.
Reagan fixed Carters mess.
Bush Senior had a recession that he stopped after the cold war ending caused spending in that regard to fall apart. (Who's debt crisis was actually quite like the crisis today.)
Hell, even before the Sub Prime Mortgage crisis happened, Bush Junior got us out of the .com crash/9/11.
Nixon even got us out of a recession i believe.
So really... the reason people would think that is recent historical precedent. For a lot of people alive, practically any recession they've experienced as been "fixed" by a republican.
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Sr. Bush ended up leaving a recession that Bill Clinton arguably got America out of. If you want to end up saying that Jr. Bush inherited a recession, then he also produced one far worse. By standards of recovering, things are better off now than they were when Jr. Bush left office.
If there was an ongoing mess with Carter, it was also a linger over from Ford. You had the Fed jack up interest rates a lot, and fought inflation. OPEC playing politics didn't help either.
Anyhow, a key would be to look at the GOP the way it is now and then try to answer why it, the party itself offers any answers to anyone who is struggling financially. Need to look an the entire party and not just one person, or one office.
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Carter started the Community Reinvestment Act, which made housing affordable for most who couldn't afford it, causing a huge bubble for decades without oversight.
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I would argue that had less to do with the Community Reinvestment Act as signed by carter, and more to do with the huge expansions and pressure by democratic leadership to lower standards more, espiecally for minorites, and to accept things like government assistance as income.
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The reinvestment act told the banks to stop allowing level of credit and wealth to play a part in being cleared for homeloans from banks. This created massive amounts of debt that most people couldn't pay back. This problem is being upheld on both the conservative and democratic side. It's been ignored and it blew up as it should. The banks were given zero oversight, it's almost like the country is being intentionally sabotaged. You see if you put people in such an amount of debt that they cannot pay even think about paying it back, you have unlimited income. The private sector gained so much from this, while the people have fluctuated and will fall.
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Not originally. Originally the CRA was meant to stop you from considering the relative credit score and wealth... of the area you lived in.
Meaning two people making the same amount with the same level of wealth and same credit score couldn't be discriminated against.
The wording was actually pretty vague.
It wasn't until later the CRA was expanded to stop paying attention to Credit and wealth, and even then it wasn't done so legislativly so much as it was direct threats by Clinton and Congress.
EDIT: My bad, it started at the End of Bush Senior's term.
http://en.wikipedia.org/wiki/Community_Reinvestment_Act#Legislative_revision_history
The power of lobbiests and bad loans really didn't happen until Clinton.
