This article was written by Richard C. Cook, a former NASA employee and analyst at the US Treasury. An authority on government spending and policy making. -- KM


During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.

When George W. Bush was named president by the Supreme Court in December 2000, the stock market had begun to decline with the bursting of the dot.com bubble.

In 2001 the frequency of White House visits by Alan Greenspan increased.

Greenspan endorsed President Bushâ??s March 2001 tax cuts for the rich. More such cuts took place in May 2003.

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