Quote:
Originally Posted by nickeldude
If the government was the same people through and through, you'd have a point. But since "government" actually means many elected representatives who move in and out of power... You have no point
The Bush government got us into this. The Obama government is getting us out.
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You both wrong IMHO. Wall Street got us into this.
(And doesn't Wall Street generally donate to *both* parties? LOL!)
Doesn't this thing come down to financial lobbyists getting the gov't to pass the bills they wanted... then at some point someone noticed AIG was making bets it couldn't pay off?
And down came the house of cards...
To the detriment of us all.
So rather than asking "was it the repub or dems fault"... maybe we should be asking... "What lobbyist groups pushed for this?" And, "How do we prevent this in the future?"
It should be clear by now that casino capitalism leads to bubble and burst cycles, and what the majority of people need are a) a way to get wealthy and b) that wealth to stay solid in it's purchasing power.
In short people need a way out of being trapped in the working class rut, and a way to stay out... without having to have a second full time job of trying to predict where to put their wealth.
I'm not an economist but it makes ask, "Shouldn't be be aiming for full employment and 0% inflation???"
Predictability in life is a good thing.
Fluctuation, variance, whatever you want to call it, is only good for the casino (i.e Wall Street).
Wasn't the whole idea of moving from hunter-gatherer to farming to ensure outcomes? Then we turn around and go back to the aggravation of hunter gatherer with Casino Capitalism. Geez what stupidity.
We should be charging our leaders to construct a system where goals in life can be planned on, reached, and secured for the long term.