Originally Posted By: sinij
Re: Obamas' debt limit - he inherited Bush's fuckups, half of it is bailouts that kept entire economy from melting down. As much as I hated 2B2F and bailouts, alternative to them is even less attractive. It could have been avoided pre 2002, when Obama took over it was all but inevitable.


There should have been NO bailouts. No one has been able to explain to me how the bailouts fixed anything. They were band-aids that made the next financial crisis impossible to deal with.

By pre-2002 could you also say pre-2000? I know you badly want to blame this on poor old Bush but both sides were to blame, and if I had to pick a single person as scapegoat it would have to be Barney Frank. He was the one who sat on ( or chaired ) the committees that were responsible for this mess.

KGB Darkfall