Hamilton Marshall Smith, B.A Economics, San Francisco State University (1978)

No. Recessions and unemployment are a natural occurrence an the business cycle.

The Great Recession, brought on by wild SPECULATION in the real estate market coupled with the packing and selling of POOR LOANS sold through, Freddy Mac and FannieMae CAUSED this problem, but quick action by the Federal Reserve Bank AVERTED a financial depression in the United States.