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10/17/2013 6:58:28 PM
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Top three (in no particular order): >FDR >JFK >Clinton
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  • FDR is probably the best in my opinion, no other president could have stepped up to the plate and achieved what he did

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  • The only one good there is JFK.

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  • You are the worst kind of person.

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  • Love you too :D

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  • FDR is controversial to say the least because people are arguing that his New Deal policies actually made the Depression worse. Clinton I can't agree with because he was the architect of the housing collapse when he told banks to start issuing home loans to high risk buyers.

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  • Whether FDR's policies worsened or bettered the depression is debatable, not guaranteed. Especially since economics is a social science and legislation isn't an independent variable. Although considering he added jobs, lowered taxes, and went crazy with government spending, I can't see how it could have been worse. But you also have to be fair and understand that he was the first leader in the world to deal with someone like that in the economy of his time. The housing bubble was due to more than just one legislation (mostly due to the deregulation of banks in the 80s), and to be fair, extending the capability for lower credit rating buyers to get a loan is only harmful when you have deregulated banks.

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  • Clinton should have known though.

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  • If Bill Clinton didn't sign the bill, it's unlikely the housing bubble wouldn't have popped. The biggest contributor to the collapse were the actions of the banks, whose power continued to grow throughout the Bush administration as he started to deregulate the banks even further. Ten years is a long time, even for an investment in a house. The most slack I could really give is to say that the housing bubble happened a bit earlier than it would have without, but that might be pushing it a little, because it really was due to the deregulation of the banks.

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  • What does bank deregulation have to do with it? Mortgage loan securitization has existed since the '70s.

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