Billionaire/Millionaire Tax Cuts - Didn't they cause the Great Recession?

[ShockediSay]

coupled with low interest rates

Think about it!

They no longer needed tax dedictible investments in the American Economy

So off they go in search of higher returns outsourcing jobs and dollars
not to mention creating the Wall St bubble, the buyout bubble (at doubly
discounted tax rates and for what?), the debt bubble, the secret campaign
contribution propaganda bubble (What's Sarah Palin's net worth now IMHO she's
taking their moeny compared to when she had a real public service job) and
the housing bubble - - - all of which lined their pockets at the expense of 98%
of us and at the expense of our National Debt.

Are these 2% in danger of going w/out necessary health care? food? losing their
homes? Hell no.

PLUS this 2% is paying less tax into OUR treasury than they have in the past 60 years.
IMHO those in this 2% who are campaigning not to pay in their fair share are Not Good
Americans by any stretch.

[Demeter]

1. No, the Fraud and Corruption in the Banking System Did

The tax cuts were just the insult added to the injury.

And the longer they run, the less likely any recovery becomes.

[MichiganVote]

2. The central question now is, have they lifted a finger to work the US out of the recession?

[Rex]

3. One of the biggest mistakes Obama ever made was allowing

the GOPukers to dominate the agenda and look powerful enough to boss the majority around imo. Tax cuts for the billionaires was wrong now and will be wrong in the future when they get further tax cuts.

The uber rich caused all this and got rewarded once again for committing crimes against America. Corporate America wins again.

[ShockediSay]

6. AGREED nt

[taught_me_patience]

4. No... it was the collapse of the housing market

It was inevitable because values were way way way too high.

[unblock]

7. look back a bit further. the over-inflated housing prices didn't come from nowhere

the biggest cause was artificially low interest rates for too long, courtesy of greenspan.
but the deregulation of the banks and lack of reasonable oversight led the banks to commit fraud on a massive scale, deceiving each other, fannie and freddie, and the rating agencies, and investors all for short-term gain that was made ever more tempting by perverse tax incentives.

[jimlup]

5. Cheers and Merry Christmas! HIccup...

Maybe people will notice they've been screwed when the wake up from the drunken party.