Leave it to politicians to make a mess out of an ordinary economic cycle and blame it on others.
What was a simple sub-prime mortgage problem, that normally would lead to a minor recession, became a near Depression and now a humdrum economy, because of political meddling and bumbling.
The Great Depression observers see how Franklin D. Roosevelt over-reacted with spending. Then he over-taxed and over- regulated business and created a depressive psychology that prevailed until World War II, which acted as a giant economic stimulus.
The same political meddling and bumbling is occurring today. The extraordinary spending has produced a crises, in the form of senseless, business-stifling regulation and taxes. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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