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FORUMS General Discussions Business Who is to blame for the current economic problems
TOPIC: Who is to blame for the current economic problems
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Bingo Bob2Lynn. I couldn't frame it better.

Acworth GA
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I think it is completely Government..both parties .. they drive bussines toward this or that outcome.. then tax it,,and regulate it more and more..if they get out of the way..all comes back

El Paso TX
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Idiots out walking around having fun together promoting American products are the reason for the current economic problems in America.

You know them. They are featured in the 'Low Price Guarantee' commercials, whistling and acting amazed that they saved $1 buying Canadian cod from Alaska caught in China.

The Bandladeesh Marching Froggie Wal Mart Express picks them up after sundown.

Treasure Is FL
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Robert

Amherst Canada
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Has nothing to do with interest rates, since the late 70's home loans were always 20% down pmt., except VA and FHA, but went to 10% down loans and then 0% down loans. When Fannie Mae and Freddie Mac came along those 0% down loans were insured by the federal government. It went steps further when lenders were forced to loan to anyone without even required income verification or good credit. Fannie and Freddie packaged up those loans and marketed them to the financial community, in the form of securities, fully backed by the federal government. When is started to crash in an economic down turn, property values dropped, people walked, and the federal govt. had to pay up. It wasn't that banks and the AIG's got a bailout they were secured by the fed govt. By the way the fed govt is all of us.

Belton TX
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Yes, that simple response is the only reason. Wrong answer!

Philadelphia PA
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The tax code, and the need for politicians to feel loved and powerful.

Acworth GA
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In late 2008 I lost just about everything except my family.... My business, my marriage, my savings, my retirement.

In 2009 I got busy.

I now have a new business that is booming and most likely 'recession proof', 3 new WELL PAID employees, a new retirement account that is fattening rather fast (added 12% last year alone) and a new relationship (with MrsMuir, as hot as it gets!). My three kids in college are doing well and paid for. I'm working my ass off at 53, climbing ladders and doing the nasties with my crew, but hey, life goes on and I'm in great shape! Life is good!

Oh, and I'm an unabashed Liberal these days.... I've learned my lesson about Rethugs for good now, never again!

So who do I blame? Fat old white guys, lazy American youth (kids of the fat old white guys), lazy Americans (exceptionalism my ass!), self interested politicians and the voters that put them there!!

In other words, everyone.

Get off your fat lazy asses and DO something! Not just write complaints to a bunch of fat old white men (women) on a swinger site!!

Fraking pathetic!

{steps off soap box} carry on...

East Fishkill NY
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Unemplyment is a lagging indicator, and after Bush destroyed the American job market, it took some time to peak at 10+%, and took even more time to stabilize. Millions of jobs have been created and saved, people have doubled the size of their 401K in the past 3 years. The unemplyment rate has been measured by the same method since 1983, so the rate has been calculated the same when it was high as when it is now dropping, so spare me the "people have stopped looking" talk radio BS. ...if you are not part of the recovery at this point, time to get off your ass, stop complaining and DO something....the rest of us have been doing just fine

Rosemont IL
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Party P the only reason the unemployment rate dropped was because after so many months of a person being unemployed they are statistically no longer unemployed, or if they are working part time they are no longer unemployed. Six million jobs sounds like a lot but when the economy lost 14 million jobs it dosen't sound so good. AS soon as the fed stops buying t-notes the stock market is going to crash worse then before the depression started.

Cambria CA
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TOPIC: Who is to blame for the current economic problems