Recession coming without proper leadership

this is cold hard government documentation of what the republican party did to cause the 2008 big recession



even including admissions by the securities and exchange commissions republican appointed republican head that his actions caused the crash
 
evince said:
Voluntary regulation doesn't work, SEC's Cox says
By Rex Nutting
Published: Oct 23, 2008 10:32 a.m. ET



WASHINGTON (MarketWatch) -- Financial regulators made "fateful mistakes" that helped drive the global financial system to the brink, said Chris Cox, chairman of the Securities and Exchange Commission, in congressional testimony Thursday. Cox said he and other regulators have learned many lessons, chiefly that "voluntary regulation does not work." Cox urged Congress to fill "regulatory gaps" that are still putting the economy at risk. "The lessons of the credit crisis all point to the need for strong and effective regulation, but without major holes or gaps." Cox said Congress should appoint a select committee to address the challenges of regulation on a comprehensive basis.
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the link is the first link in my signature
 
somehow the right still tries to claim I was wrong when I used facts like this to show we were going to have a crash in 2008
 
evince said:
https://www.msn.com/en-us/money/mar...ecession-this-year/ar-BBSCOcj?ocid=spartandhp
Click to expand...

One well-known independent economist thinks it will happen even sooner—he’s looking for a global recession to start in 2019. A. Gary Shilling, president of his eponymous consulting firm, made two of the best contrarian calls of recent decades: he saw the mega-bull market in bonds at its very outset in 1981, and in the years before the 2008 financial crisis and Great Recession, warned repeatedly that the housing bubble would turn into a bust and would take the whole economy down with it.
 
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