Quote:
Originally Posted by MonkeyF0cker
I find it simply amazing that anyone could blame the current economic situation on Obama. Were you in a coma the last eight years, Brent?
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Nobody is blaming the current economic situation on Obama.
However, the democrats deserve the majority of the blame for this credit meltdown as they not only encouraged lending to people with low incomes, minorities and those with poor credit, they actually threatened lenders for NOT making these loans and accused them of profiling against these groups.
What Obama can be blamed for is the massive decline in the stock market since he was elected as our next president.
Obama PROMISED repeatedly during his campaign to raise taxes on the wealthy, raise taxes on big corporations as well as raising the capital gains tax rate.
MonkeyFocker, I find it simply amazing that you can't understand why these things are bad for the financial markets.
Obama is directly responsible for the TRILLIONS of dollars of wealth wiped out since he won the election. Its not just the rich who are suffering from the meltdown of the stock market. Plenty of hard working people from the middle class have had their retirement plans cut in half and they have Obama to thank for it.