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The whole thing was caused by the capitalist free market and unrealistic lending. That's what republicans love. Let the market take care of it.You can see a clip of GWB saying just that if you dig.Whilst he was partially right, the instance was far too big for that.Only when Obama got there did any real action start to repair things. Supporting the auto industry was one.You can also see how the economy improved in the years following, admittingly from a low base but GWBs attitude wouldn't cut it. It was that good old government socialism that came to the fore once again.
The whole thing was caused by the capitalist free market and unrealistic lending. That's what republicans love. Let the market take care of it.
You can see a clip of GWB saying just that if you dig.
Whilst he was partially right, the instance was far too big for that.
Only when Obama got there did any real action start to repair things. Supporting the auto industry was one.
You can also see how the economy improved in the years following, admittingly from a low base but GWBs attitude wouldn't cut it.
It was that good old government socialism that came to the fore once again.
