If I had to guess European economists are pissed because Money Market Funds won't lend them cash overnight anymore and their liquidity/recovery is suffering.
The economy was experiencing a massive state of growth in the 1990s.
Companies were doing well. Jobs were readily available.
Also, consider this fact: If a law created in 1994, let's say -- you aren't going to have the millions of individuals involved in the problem until years and years later.
If the economy and supply of jobs had stayed strong, we wouldn't have suffered.
So let me rephrase my position: the mortgage problems can be traced back to the 1990s to laws that were quite helpful to the collapse. But were they the root cause? Not entirely. But Clinton did begin the construction of the house of cards (which seemed like a good idea at the time, since economically things were going swell), and it only took a gust of wind later caused by other factors to knock it down.
You would think Obama would atleast feel ashamed of himself for being such a bold faced liar to the country like that. Its like the country is being run by kindergartners.
Wrong, I'm not taking partisan sides despite being registered in the republican party. I'm anti-idiot. Idiot is a disease which currently both sides are completely infected with. And for the record I loved Clinton for years and years. Further look into his decisions reveals a lot that I don't like.
Also: I didn't skip a time period, I focused on how far back the problem could be traced.
I would like to think that, upon reflection of how stupid you are, and how little you know about this subject (or, from what I can tell, any other subject), you would stop offering your opinions. And yet, you never do.