Canada Retail Sales

[errolanderson]

To me, the root of these overspending, overcredit era stated in the 1990 Clinton era.

Bill Clinton stated that every American deserved a house.

Bad policies blossomed from there on credit . . . .

PS: Cheney had a zingerrr statement as well . . . when the then vice-president of the U.S. stated that 'debt doesn't matter' This was worthy of some sort of an award I'm sure from the mortgage industry.

[foragefarmer]

Bloke

You don't feel that he 5 Trillion taken out of the US economy won't help right now. That tax money sure would have gone along way to fix their infastructure which is in dire straits , creating many more jobs which in turn means a healthier economy. Or maybe lower personal taxes which again leaves more money in US taxpayers pockets. Money that turn could go toward savings, retirement funds or just spending. Just a thought!!!

As I recall Obama just stepped into the White House when the Subprime started. The crash of Lemman Bros, the bailout of Citi and Bank of America, GM, Crysler etc etc.

I guess the question I have for you if you had invested your money in the US Stock Market (maybe you have) in March of 2009, how wealthy would you be right now? Arm chair quarterbacks have been saying the USA market is going to crash the last 5 years. Nothing has happened. Now don't get me wrong I realize it will not go up for ever, so don't give me that story line. I'm well aware!!!

So to say that Obama is to blame is stretchng it a bit.

[boarderbloke]

forage, the money was printed, not taxed out of the economy, that's why it was off the books.