it was caused by the liberal attitude that everyone should share a part of the American dream, a house, weather or not they could afford it.
Who are these mythical "liberals" that keep getting blamed? Again, most Americans are neither left or right, red or blue, rep or dem. Most of them actually listen to both sides and try filtering out the crap which spews aplenty. Most of them didn't get into loans over their heads.
"Liberals" didn't cause the issue, banks caused the issue. Banks were allowed to run free with a "way of doing business" that should have been regulated, should have been questioned, and should have been caught as a problem before the "bubble" burst. Flatly, the government failed because they trusted the people with their hands in the till to regulate themselves.
It? You must think there's only one issue the nation is facing. However with regard to the IT of the housing / lending crisis, the financeers themselves caused it, not the consumers who got in over their heads. If you study the issue, the banks gave out more than they could afford to, relying on the insurance policies to cover the "what if" scenario that people defaulted on their mortgages. The insurers were like "sure, we'll sell you that policy" again covering more bad deals than they could afford to if everyone cashed in, and the hedge funds were selling stock they didn't have in companies that were under pressure to begin with, finally causing them to collapse.
So who really bought more than they could afford when banks lent more than they had, on a policy from an insurer that covered more than it could, financed partially by stocks which were oversold, and being exploited by fund managers who didn't have the stocks to sell, and by a few asshole fund managers who didn't even invest their client's money? It didn't stop there, but it sure as hell didn't start with the common people.
The only thing I fault Obama for right now is not cleaning house at the SEC, Federal Reserve, and CIA but then again, he probably figured we couldn't afford more unemployed people.
The measures taken so far by Obama are very dangerous to the health and future of our country as many Americans see it, including myself.
Because you are an expert right? Because you and so many others can get up there and fix the problem right now. Because you are looking at this without any bias right? Because the measures being taken are to try and stop things from hurdling out of control here at home, and not invading sovereign nations because we can, or lying to America repeatedly? Because "many" is a generalization and not an actual number of Americans. Because these alleged dangerous actions are more dangerous than doing nothing. Because there is a "safe" action, a guaranteed action that will fix the mess we're in.
There isn't a damn person on the planet that isn't concerned with what this administration is doing. This is a global issue, the collapse doesn't end in our borders.
The last president took measures which we all know were very dangerous to the health and future of our country as many americans saw it. Where did you stand on that? Sitting here bashing every move BO makes is not patriotism, it's politics.
This is not my guy loss..yours won repsponse. I really don't think the right person ran against him.
Of course not. The R's ran a horrible campaign against the D's. Why would you do that? Only if you did NOT want to be up there in front of a nation responsible for fixing for some (there's more than one) of the biggest messes in the history of the world. The R party has lost its way and only seems to be able to point and say "look they're doing it all wrong" before the results are in.
In fact, so many of the people responsible for this very mess are Republican. Why? Because the current direction of the party is misguided and benefits those who sought to fill their pockets at whatever cost to the nation. Even the R VP candidate took advantage.
My guy didn't win either, he lost the R nomination. When the choice came down to McCain and Obama, I chose a new guy, my guy won, and now I have to trust he will do his best to swing this thing around.
These are very scary times and before you give a knee jerk reaction to someone's comment, whether pro or con to the present administration and congress, think about what the other party is saying and evaluate its merits before bashing the messenger.
I evaluated it. It was bull$h!t. There was no knee jerk, there were no merits. Maybe you should re-read the entire thread. The inflammatory comments made before mine were no better than saying GWB staged 9/11 so that he could invade Iraq. I don't care what party is saying what, if it's bull$h!t, I'm calling bull$h1t.
Frankly at this stage in the game everyone bashing the president before seeing the results of actions being set in place is either a sore loser, or a jackass. If he did the exact opposite of what he's doing, there would be another group of people bashing those actions. If he didn't give the girl an excuse letter, he would be deemed a heartless socialist who expected her to be in school until the last minute or end up in Siberia. Frankly the office of the president needs a little PR right now as much as it needs the balls to make the unpopular choices, and resist the temptation to break international law every chance it has.
Maybe Obama should deny the issues, lie to the public, let the recession go on another year and say it's not happening. Maybe he should just look the other way and let GM fail so 100,000 (again, I'm making up that number) people are out of work all at once. Is it better to pay 100,000 people unemployment, or invest in their company so that they continue working and it survives? If you have a better plan, go work for the administration and share it with them. That would be patriotic.
Maybe we can sit around and wait for a better plan. GM had plenty of time left to do business, they had plenty of cash on hand right? The markets dropping 500pts a day had time right? Maybe we can wait for a republican plan which they did so well at implementing in years past.
Do you know the answer? I don't pretend to. What I know is the last idiot is out of office, and in 3 years, maybe I'll be saying I hope this idiot is out of office. I hope not to be, I hope he's doing the right thing and in 3 years we're on the path to stability again. I have hope because President Obama and his administration have a plan and they haven't said they hope this nation fails. They haven't endorsed the boycott of GM to further add to the failure. In fact, they're working on it, rather than sitting around blaming the other party and not contributing, and staging coups to force themselves back into power. Frankly I grew up Republican and I'm ashamed what the party has come to. I can't stand plenty of Democrats, but I'm plain disgusted by what I hear from the R Party these days, not to mention some of the spinless turds that tout the party message because of the click they're in (turd comment not directed at anyone here unless you feel it applies to you).
