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Obama Lied, the economy died
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<blockquote data-quote="pickup" data-source="post: 566108"><p>we had the roaring 90's and the bill was already coming due in 2001. With 9/11 feds lowered interest rates in order to boost an economy that was in recession before 9/11. As a result, anyone could afford a home and those who couldn't were made to look like on paper that they could afford a home(due to no financial regulations with teeth). this in addition to the stimulus provided by Bush's deficit war spending. The bill came due again with interest in 2008. We enjoyed the music and now it is time to pay the piper.</p></blockquote><p></p>
[QUOTE="pickup, post: 566108"] we had the roaring 90's and the bill was already coming due in 2001. With 9/11 feds lowered interest rates in order to boost an economy that was in recession before 9/11. As a result, anyone could afford a home and those who couldn't were made to look like on paper that they could afford a home(due to no financial regulations with teeth). this in addition to the stimulus provided by Bush's deficit war spending. The bill came due again with interest in 2008. We enjoyed the music and now it is time to pay the piper. [/QUOTE]
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