this post was submitted on 07 Nov 2024
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Politics

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[–] [email protected] 5 points 2 hours ago

Obama inherited the result of Clinton's poor financial decisions on the housing market passed to resolve the issues from Reaganomics.

Obama inherited a landscape where 8 years of Bush had deregulated the banks to the point where they were giving mortgage loans underwater from the start to anyone with a pulse which lead to the 2008 collapse.