Quote:
Originally Posted by Ramster
Interest rate cuts in 2000-2001 is what put the economy where it is today with the sub prime mortgage crisis and the fate of the low US dollar around the world.
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I totally agree with this. I believe a lot of people have forgotten this. It was a bandaid to curtail a recession for war. Our leaders, in so many words, told the people to go out borrow and spend to keep the country alive which created a much Larger problem.
As docholly stated, most will forget and blame the current leader. I saw last night that some are already blaming democrats for this on the basis that they may win the upcoming election.
