8/22/2010

Biden: "Last Administration Had A Ponzi Scheme"

This is a great trick. Dems create these problems, refuse to get them fixed, and now blame Republicans.

The vice president also said that the last administration was pretty much running a "Ponzi" scheme, "We inherited economic policy and plan for prosperity that lay in creative financial instruments, credit default swaps, collateralized obligations, sub-prime mortgages, basically the last administration had a Ponzi scheme masquerading as a vision in terms of our future."

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1 Comments:

Blogger Chas said...

The last administration had a Ponzi scheme? Yeah, and the Democrat Spendulus saved America too. Does Joe Biden ever say anything that's connected to reality?

8/23/2010 7:12 AM  

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