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garrytoo asked in Politics & GovernmentPolitics · 1 decade ago

Why do the conservatives keep pouring trillions of dollars into our economy?

When the entire problem was created in a house bill in 1977 and strengthened again in 1995, loosening credit restrictions.

9 Answers

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  • Curtis
    Lv 6
    1 decade ago
    Favorite Answer

    Wrong again,,,,,liberals are controlling everything.

    Try looking up The Community Reinvestment Act

    signed by Jimmy Carter and implemented by Billy Clinton.

    Which forced mortgage lenders to give out federal backed mortgages, to high risk individuals, and now you have sub-prime mortgages.

    All under the name of affordable housing, these mortgages were bundled and sold by Fannie Mae under the realm of Franklin Raines and then sold to all the banks that collapsed.

  • 1 decade ago

    The conservatives haven't been in charge of the purse for the last two years. That's when things went downhill. Before that, times were good.

  • 1 decade ago

    UHHHHHHHHHHHHH..........

    Congress is majority Democrat, the president is now a Democrat. Enlighten yourself look up Community Reinvestment Act and read about it and notice that Democratic presidents were the ones that loosened the restrictions on it.

  • DOOM
    Lv 7
    1 decade ago

    Conservatives are not doing that. You're confused on the definition of the term.

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  • Anonymous
    1 decade ago

    Who is pouring money into the economy????

  • Anonymous
    1 decade ago

    Indeed. I dont quite understand it myself.

  • Anonymous
    1 decade ago

    What in the WORLD are you talking about?

  • Anonymous
    1 decade ago

    the democrat party owns it all...God help us!!!

  • Anonymous
    1 decade ago

    Conservatives?? CONSERVATIVES????

    Oh, my, God...

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