Who Should Be Held responsible for Creating the U.S. Economic Meltdown?

actually it was congress that allocated the funds, by an almost unanimous vote i might add.

it's clear to me that you aren't even an american.

 

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Best not to underestimate the role of fraud and crime. Some people blame the criminals. I tend to blame the awarders of no bid contracts to criminals, the shippers of billions of dollars in cash into a war zone and the handers out of the moolah to criminals, the appointers of criminals' friends and associates to positions of responsibility, the keepers of the law enforcement keys who make the decisions behind results like this one:

http://www.nytimes.com/2008/12/25/business/25fraud.html?_r=1

and so forth.

 

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The American people should be held responsible for Creating the U.S. Economic Meltdown.

We let those fools manage the economy. We were too lazy and ignorant to stay informed. We consumed lazy media products that regurgitated bits nonsensical economic dribble spun by intellectually dishonest think tanks paid for by special interests and wealthy conservative crackpots.

We kept silent while friends bought houses using liar loans that they could not afford because their loan brokers told them they could always refinance later using the equity from from their houses increase in value.

We let our politicians higher regulators who chosen by Wall Street bankers to enable the highly Wall Street bankers experts to make the same stupid bet that our ignorant friends made on ever increasing housing prices paying off the liars loans.

We let the pathetic media fail to help us make better regulatory and political choices because we did not demand economic competence from ourselves or our media.

The worst is yet to come. We failed to listen to Warren Buffett or Ross Perot when they tried to warn us that you can not base a sustainable economy on consumer and government spending paid for with borrowing from foreign countries. This is basic, basic, basic economics that we should have understood well enough to reject any media or think tank that tried to minimize the risk of a borrowing based economy.

For you youngsters, just blame your parents, it's their fault.

 

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Not all of "us".

There are lots of people who have been fighting this crap for a generation now.

 

If anything, he'd be more likely to be an American.

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“The best argument against democracy is a five minute conversation with the average voter.” - Winston Churchill

- N

 

http://howdidthishappen.org/blame/

 

One of the best quotes I've ever heard...goes well with my own:

"The majority is always wrong." -Carcano.

 

There is no question that the present "meltdown" (which in reality *IS* "the savings and loan crisis" in effect) was ENTIRELY due to Clinton's direct approval of the deregulation of the lending institutions. Only a complete uninformed and extremely biased individual would claim otherwise.

Regan gave us the real up beat economy of the 90s. Clinton gave us the savings and loan crisis of 2008. That's the truth and frankly, the slightest bit of real unbiased homework will make this abundantly clear.

It's hilarious, and at the same time tragically typical, the way that the uneducated seem to blame the "at the time current" political party or specific office of president for the "at the time current" economic situation. That's simply not the way economics work. Economics are an absolute science and most often take years if not DECADES to manifest the outcome of prior policy making.

I good and damn guarantee everyone that history will be a great deal kinder to former president Bush than the ridiculously left slanted liberal media has been. There is ZERO question in my mind who and what won the latest installment of our US president. I do have a GREAT deal of faith in Obama. What choice do I have? He is my president and Commander in Chief.

It is truly pathetic they way that most people (globally, not just in the USA) allow themselves to be led around by that little invisible news media owned ring in their noses.

As far as those of the rest of the world that are blaming the US for the world's present economic turn down, what a LAME bunch of whiners. Why not just come out and state that "in and of ourselves, we basically suck. Because without the USA's help, when can't seem to keep our own economic britches up". If those same whiners spent more time pro-acting and developing their own economic back yards, maybe the US could fall back on them once in a while. I guess according to "them" it doesn't work that way.

 

The average America stopped saving and got into debt. That is the long and short of it all. If more Americans had lived within their means the economy would be better off.

Another thing is how elected officials committed to treaties which led to the outsourcing of American jobs. Ross Perot paid for his infomercials to warn us about this and we did not listen. He was right. Its the American consumer/voter who is responsible for the woes of America.

 

don't also forget the 13% budget that is sent to israeil, for getting their "promised" land and build their "solomain" temple, anyway, if it stops to send that money, u.s. will grow back and stop the meltdown, hmm, and i wonder why doest it send money to israeil, even when that money can save the country economy

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think about it