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<blockquote data-quote="JL 0513" data-source="post: 2483247" data-attributes="member: 50088">Who&#039;s to blame for the 2008 crisis is a huge conversation but it had little to do with Bush. Mainstream thought associates all problems with whoever is sitting in the oval office at the time. What people fail to understand is that many of the biggest issues and problems are built up over decades. Blaming Bush for the housing bubble among other things that were built up since Jimmy Carter is sad. Bush had seen some troubling signs and were assured by Barney Frank and others that everything was fine. Because the downfall happened under Bush, it was ignored that Democrats for decades stated that home ownership was essentially a right regardless of ability hence pushing sub prime loans. Now, Trump could face a debt bubble popping when he has nothing to do with $20T of debt. But if it happens in the next 4 years, the public will say it&#039;s all Trump&#039;s (and Republicans) fault. That&#039;s the breaks of the presidency.</blockquote>

[QUOTE="JL 0513, post: 2483247, member: 50088"] Who's to blame for the 2008 crisis is a huge conversation but it had little to do with Bush. Mainstream thought associates all problems with whoever is sitting in the oval office at the time. What people fail to understand is that many of the biggest issues and problems are built up over decades. Blaming Bush for the housing bubble among other things that were built up since Jimmy Carter is sad. Bush had seen some troubling signs and were assured by Barney Frank and others that everything was fine. Because the downfall happened under Bush, it was ignored that Democrats for decades stated that home ownership was essentially a right regardless of ability hence pushing sub prime loans. Now, Trump could face a debt bubble popping when he has nothing to do with $20T of debt. But if it happens in the next 4 years, the public will say it's all Trump's (and Republicans) fault. That's the breaks of the presidency. [/QUOTE]

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