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Poogaloo: 6 months ago

Way is the Economy falling?

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Answer 1

Dr3amb0y1998: 6 months ago

Obama. Period.

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Poogaloo: 6 months ago

Thankyou! >_<

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muzicpanda988: 6 months ago

true so true!

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Answer 2

BreeJoseph: 6 months ago

pollution

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Answer 3

muzicpanda988: 6 months ago

the dumb@ss that got relected. Obama.

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Poogaloo: 6 months ago

Thank you for answering!!! :3

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Answer 4

religousman: 6 months ago via iPhone

Over the cliff

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Answer 5

adala: 6 months ago via iPhone

It's been going down for awhile. It didn't just happen. After Carter it began!

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bigred50: 6 months ago via iPhone

Yesterday was pretty bad for a one day drop. Today didn't help. But who cares? That's just those evil 1% ers that are in to Wall Street. The middle class have nothing to do with them. Well unless of course you have a job and a 401K. But that's the past. We are now moving FORWARD.

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adala: 6 months ago via iPhone

It was real bad a few yrs ago. Everyone's stocks went down. Our 401k has been dropping for 10yrs.now. Time to have keep everything in private savings cuz older age is coming soon! Lol

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Answer 6

blugoo2: 6 months ago

The stock market dropped after both of Obama's elections.

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bigguy41: 6 months ago via Android

That shows a lot of confidence.

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Answer 7

bigguy41: 6 months ago via Android

Obamas policies.

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Poogaloo: 6 months ago

I agree.

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Answer 8

jcampbell: 6 months ago

Can you spell OBAMA?

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Poogaloo: 6 months ago

so right!!!

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Answer 9

lsrnoso: 6 months ago via iPhone

Yeessss!!! Obama!!! EVERYTHING was just perfect before he got elected!! There was no unemployment the real eatate market was stronger than ever, there was no foreclosures, no banks failing, stock mRket had not fallen on their butts..... OH! WAIT!!
That was under BUSH!!!!.....but!
To really answer your question it was neither Bush nor Obama. The banks started lending mortgage money to people that could not really afford the payments. How? The banks got creative and stated offering half a million dollars ( an example) to people that could really only afford 30k. They did this by offering hybrid loans. They will offer interests only loans for the first 2 or 3 years. Those payments were only a fraction of what the real payment should have been. EVERYONE qualified for a loan!!! Real estate market EXPLODED! Houses that cost 110k now sold for 300k because the demand for houses were so huge. Little problem brewing though....3 years later, your 1000k payment is now 25k payment! People couldnt keep up with payments, forclosures started happening like there was no tomorrow, lenders are losing thousands of dollars a day! Stock market crashed, everyone got scared to death... Investor lost millions, business closed, lending market froze... Etc, etc, etc....
So there u have it. It took several years to happen. It became a global scare. It will take years to b fixed!!! Not obama, romny, bush or ANYONE else will be able to fix it in a couple of years.

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