This is change?

It is the primary cause. No doubt about it.

 

Can you give me some links saying this is true?

 

Can you give me some link supporting your position? If you are going to look for supporting info from me it would keep you consistent.

 

Ah, that is a sophmoric reply. So you can't supply a link? If that is true than it is only your opinion.

Causes of recessions
Currency crises ... has happened under Bush the last few years. If you have not lived overseas you probably are not aware of this.Inflation
National debt ... no question he has run up our debt to astronomical hights.
Speculation and economic bubbles ... sub-prime and other lax lending practices
and the housing bubble.
War ... Iraq, Afghanstan, Bush's wars..
Excessive interest rates
Underconsumption
Overproduction

Effects of recessions
Bankruptcies
Banks lending less money
Deflation (or disinflation)
Foreclosures
Reduced sales
Stock market crash
Unemployment

But here .............. and I expect at least one link from you!

http://209.85.129.132/search?q=cach...ssion+causes+of+2008&hl=cs&ct=clnk&cd=1&gl=cz

http://209.85.129.132/search?q=cach...ssion+causes+of+2008&hl=cs&ct=clnk&cd=3&gl=cz

 

No, I cannot supply a link, but my husband read (could've been Stratfor's site) that the commodity brokers are totally responsible for this crisis, which is worldwide. The President had nothing to do with it.

Debbie Mc

 

There are people who blame commodity brokers/investors on the run up of the oil prices and I expect they did play a part. I do not know if they were totally to blame or now. However, that is only one part of the current finanical crisis. There are a number of factors that have contributed to this crisis.

We may have an even bigger problem coming down the pike and that is when the emerging democracies begin defaulting on the trillions of dollars that countries and institutions have lent them over the last number of years. I heard a discussion on this problem on the Diane Rehm Frinday news roundup program. You can listen to this at:

http://wamu.org/programs/dr/08/11/21.php#23916

 

Here is a link from:

Mark Thoma
Department of Economics
University of Oregon
http://economistsview.typepad.com/economistsview/2008/10/what-caused-the.html


Now, this is the second thread where you engaged me, I tried to carry on a conversation as a result of your engagement, that lacked any attacks, condescending statements, or taunting with words or smileys. It is obvious you are not capable of doing so.

Do not engage me any further.

 

This is one of the least-informed posts you have ever put on this board.

 

That is an interesting article, and Thoma is correct in that it is part of the problem, but the article never says that Fannie and Freddy is the entire reason we are having this problem. It is one of many factors that have come together to put us where we are today.

Both Republicians and Democrats share the blame, and the problem did not just start this year. It began years ago and like a little snowball rolling down a steep mount it has gotten bigger and bigger, unchecked, until is has overtaken us.

There are more problems coming down the road that began years ago also. Listen to the progam, yes all two hours worth, at:

http://wamu.org/programs/dr/08/11/21.php#23916

 

If this is true then, the current recession and tanking in the stock market has nothing to do with Obama being elected president, right?

 

Correct. This is all your opinion.

 

The market dislikes uncertainty. Nor does it react well to bad financial news. Both could be used to describe Obama's tax plans. But to pin the expected recession on Obama alone is no better than doing the same to Bush. But the housing melt down which is the primary cause falls on the Dems plate.

 

Why doesn't Bush and you take responsibility for what he has done to our economy? He has served two terms so at this point you simply can't blame his predestine. Bush has brought on this depression. Why can't you accept reality?

 

First there is no depression. Second this financial market crisis is a result of mortgage loan failures via Fannie Mae and Freddie Mac. That is what started the whole ball rolling.

 

You are simply showing your lack of knowledge. It is conceded by most honest observers including some Russians that the Strategic Missile Defense System, which dems and their leftist media allies sarcastically called Star Wars, brought the Soviet Union down.

History may well show that Reagan was the greatest president of the 20th Century,

 

You are on the wrong side of economics and history on this one.

 

Truman will emerge as the greatest president in the 20th Century. FDR kept him totally in the dark as VP, and yet he made many right decisions on very complicated and important issues. Truman set the stage for the prosperity we have enjoyed until the Republicians hastened its destruction the last 12 years. Reagan started the downhill slide and we finally went over the edge with the disasterous policies of Bush.