Which factor led to the global recession?
Taxes or out of control speculation by the financial sector Therefore, "Occupy Wallstreet" has better focus and reasoning than does the TEA party
Asked By: - 10/4/2011
Best Answer - Chosen by Asker
1: Taxes...too low on the rich and that gutted govt regulation of the global plutocrats' Big Biz's, the worst of which are... More
Answered By: Top Source - 10/4/2011
Additional Answers (7)
Answered By: CONartist Teahadist - 10/4/2011
The great Evil need for Greed and control .
Answered By: Mogollon Dude - 10/4/2011
Answered By: IndianaJohn - 10/4/2011
The business cycle. We would have had a recession regardless. Maybe not now and maybe not the exact same industries and sectors being the focal point. But the business cycle guarantees recessions and expansions.
Answered By: Dark Night - 10/4/2011
Out of control speculation by the financial sector, specifically the housing bubble, which was fueled by lax credit standards. This has a very long history, traceable back to the Carter years, helped greatly by Clinton edicts, and stepped up further by Frank / Dodd around 2003... More
Answered By: John E - 10/4/2011
The Community Reinvestment Act led to the financial panic and the subsequent recession.
Answered By: Shovel Ready - 10/4/2011
why do idiots keep spewing "bankers... More
Answered By: Ron Black - 10/4/2011
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