Political Gridlock Will Spur Another Recession

The excesses that led to America’s economic malaise had little to do with politics. Gambling on unsecured derivatives based on triple A-rated bonds composed of subprime loans?  It took Wall Street to bring down the house, or more accurately, houses—millions of them.

But the headwinds that are preventing the U.S. economy from fully recovering from the 2008-09 financial collapse are very much a product of politics. And those ill political winds are blowing from both sides of the Atlantic.

Read more at thefiscaltimes.com…

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