Aww.. come on. My economic teachers were pointing to the inherent disastrous structure of your economy going as far back as 2005. The whole mortgage speculation and securitisation was a bomb ready to blow. Your real estate sector was exploding in a surnatural bubble.
The economy was good in 2006, I never said the mistakes had not been made by then. Nor do I refute that fact now. However, we were a lot better off and actually had time to stop or at least lessen the crash that was to come. BUT, the democrats took over and made damn sure the crash would be hard.
The structure began collapsing in July 2007, because of the real-estate bubble initial burst. But I could see the trainwreck from 2 years before that. Too many people too stupid mortgages.
You are an economist, right? I will say I did not see the collapse coming when the bubble started, but clearly into it (probably about the time you did or a little later), it was evident.
Eh? Did I said we are better off today?
Come on. The economic crisis happened between the two. The glass structure collapsed. Off course you are worse off. But the thing it, that structure was going to collapse eventually. No way around that, since it was vulnerable to a domino effect.
No, you did not. But you did say of 2006:
-Economy is kinda of a disaster right now
And then followed it up with.
I am sure Drmiller is eating his words about the economy.
Which can be interpreted to mean that you think your first statement was right,and I disagree with that part. The economy was not a disaster, it was a train wreck waiting for the moment, facilitated by the politicians who were more interested in pork than doing their job.
