General Discussion

RC

(25,592 posts)

5. Far from it. High oil and gas prices were just more symptoms of the things wrong with this country.

Fri Nov 30, 2012, 08:24 AM

Nov 2012

Shipping our Living-Wage-Jobs overseas had a lot to do with it. The bank backed fraudulent housing bubble bursting had a lot to do with it. Vulture capitalism had a lot to do with it. Two stock market crashes had a lot to do with it. Firing full time employees, with benefits and hiring them back as part time or contract employees at lower wages had a lot to do with it.

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The Deficit Did Not Cause The Recession, The Recession Caused The Deficit [View all] xchrom Nov 2012 OP

kr. HiPointDem Nov 2012 #1

. blkmusclmachine Nov 2012 #2

Three things caused the deficit fasttense Nov 2012 #3

High oil and gasoline prices squashed consumer spending and "caused" the recession...eom Kolesar Nov 2012 #4

Far from it. High oil and gas prices were just more symptoms of the things wrong with this country. RC Nov 2012 #5

That is hardly a competent analysis Kolesar Nov 2012 #11

Please elaborate. RC Nov 2012 #12

Actually, all that war spending on the credit card and dubya's tax cuts caused the problem unhappycamper Nov 2012 #6

That's M3, which includes off-shore money (outside of Fed. Reserve). BadgerKid Nov 2012 #8

This has been building since Reagan... freebrew Nov 2012 #7

good polnt ! kentuck Nov 2012 #9

umm. The tax cuts and the wars caused the deficit. robinlynne Nov 2012 #10