Quote:
Originally Posted by SimpleS14
A recession is typically driven by economic events, but the impact is usually not as significant as what happened during "The Great Recession". That recession was the residual effects of economic events you mentioned along with others (i.e. subprime mortgage crisis) that predate the first Obama inauguration in 2009.
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It's also maintained by economic policies of a Government. Much of the causes of thr 2008elt down are directly linked to actual Federal Government policies and actions prior too. The Obama administration then ensures that what should have been a 2 year correction became 6-8 years of misery.
There was a significant mortgage/housing bumble around 1990, but that quickly recovered and everyone made money for damn year 20 years.
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