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Halls of Shrewd'm / US Policy
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Author: Dope1   😊 😞
Number: of 48494 
Subject: Re: Trump Rebuked by UN
Date: 05/03/2023 12:23 PM
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I don't have the time to rebuke all the mendacious dishonesty in his post. For starters, the recession after the financial crisis ended in June, 2009. Barack Obama inherited a recovering economy, then proceeded to f it up:
https://www.federalreservehistory.org/essays/great...

The Great Recession began in December 2007 and ended in June 2009,

Since he insists on being a relentlessly driven partisan on this, let's also remind ourselves that the Great Recession was in no small part due to one William Jefferson Clinton, who let banks gamble with others' money:

https://www.presidency.ucsb.edu/documents/statemen...

Financial services firms will be authorized to conduct a wide range of financial activities, allowing them freedom to innovate in the new economy. The Act repeals provisions of the Glass-Steagall Act that, since the Great Depression, have restricted affiliations between banks and securities firms. It also amends the Bank Holding Company Act to remove restrictions on affiliations between banks and insurance companies. It grants banks significant new authority to conduct most newly authorized activities through financial subsidiaries.

Yeah. How'd that work out for the global economy?
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