Thursday, January 31, 2013

The Economy is a Lot Worse Than You Think

Most Americans know the economy is in bad shape even if a majority voted to reelect the man most responsible for making a bad economy worse. And, no, it was not George W. Bush who is responsible for the 2008 financial crash. It was the government with its housing programs that encouraged giving mortgage loans to those who could not afford them and then bundling those “toxic assets”, and selling them to banks who then found themselves in trouble for investing in them.

Read more: http://www.canadafreepress.com/index.php/article/52768

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