I'm talking about the economic screw ups going on. Personally, I believe that Nixon's presidency taking us off the gold standard made this inevitable. Something bad would happen as a result. (Even if you say that alot of good came from it.)

Then the Clinton administration kind of decided where the economy would screw up. What with forcing people to have 'non-verification loans' and such. The fall-out was going to deal heavily with real-estate when it happened.

When was the fall-out going to happen if left alone? Don't know. But it probably wouldn't be happening for longer, or at least it could be dealt with better, if under Bush the government hadn't thrown money around like it was confetti for 8 years.

Do you guys agree with this logic? I'm trying to make sense of it by looking at what the economists and the research/studies are saying and deciding where to believe evidences. Oppossing views? Agreements?

I'm trying to educate myself more by seeing what other people deduce of the current situation so post away!