Jophiel wrote:
gbaji wrote:
While I can't say for sure who was involved, I do recall repeatedly having to respond to posts on this forum back in 2003-2006 time frame saying that the "economy was in the dumpster". When I'd list off the economic factors (GDP growth, inflation, CPI rate, unemployment), the two most common responses I got were that unemployment was "bad" because it was higher than the sub-5% range is had been in and that wages were "flat".
This was all well before the economic effects of the sub-prime mortgage mess really hit us. And frankly, I suspect most people latched onto those as the only tangible things they could.
Yeah, I suppose when folks who were warning about the economy were proven correct while your praise was proven to be misplaced, it's easiest to just call them terrible ignorant hacks for having more foresight than you.
Wait! So you're saying that back in 2003-2006 time frame, liberals were criticizing Bush's economy because he was allowing too many sub-prime loans into the housing market, and predicting that this would cause a disastrous economic collapse? Cause I seem to have missed that one.
The only people who were warning about the sub-prime problem were conservatives, and the only politicians who even attempted to do anything about it were Republicans. And they were attacked for being haters of minorities and poor people. The only degree to which liberals accurately predicted the economic downturn is the same as a broken clock will eventually show the correct time. That's hardly an accomplishment.
Edited, Jan 27th 2011 6:23pm by gbaji 
