The Decline of a Country (Representatives, economy, money, government)

[cobolt]

Originally Posted by texdav

That is what Demopcrats lie tyo think;they delude themselves into thining Bush took all those stupid loans and lied about the p[eoples income. Of course Obama has spent like a trillion dollars with no results. Hide their heads i the sand and not lok at what is coming from Obamas actions. They will see soon enough whe the bill comes dur.

And anything that happens now that is bad (dollar tanking, unemployment increasing, foreclosures increasing) is still Bush's fault. All good things are Obama's credit. Must be a nice little marshmellow fantasy land.

[wildflower82]

Originally Posted by malamute

The fools too. Don't forget them -- fools that thought it was great to buy cheap foreign made cars, wear cheap foreign made clothes, import cheap foreign grown food, buy all the big screen foreign made televisions and import unlimited numbers of cheap foreign workers for cheap servants and factory workers, and didn't vote responsibly.

How can anyone really be surprised when they check out the labels and boxes with all the "Made in China, Hecho en Mexico, Produced in Indonesia" and find there is no one hiring.

Oh how I agree with this post!!
I believe most have the "COEXIST" bumper sticker on their foreign cars!!

[JMadison]

Originally Posted by Sawmill Jim

Well i don't remember anyone forcing people to buy houses they knew they couldn't afford . Just because some dumb nut passes a law saying loan to poor people we will make the tax payers make it up if you can't pay is the hight of stupidity . Bad thing is they are still doing it one reason they say the reseshion is getting better . It is false you can't borry yourself out of a hole

I have no C C and don't want one What part of this country is broke do people not understand

No, nobody forced them, and I certainly didn't buy. I was thinking... "By the old rule of 3x your annual income, how will I ever get enough of a salary to buy a house?"

I felt totally dumb not getting in on the run up...

But those that did dive into the run up had lots of high level advice saying, "go ahead". Heck even Greenspan told folks to try and get in on it, if I recall correctly.

Geez, if nothing else there was an argument that read, "Better buy now or you may *never* be able to catch up and own a home".

Bottom line is, whether you were a speculator, or just wanted a home, there was apparent incentive to get in the market.

And the gate keepers... the head of banking, finance, big business, lobbyist, et. al. either didn't see the end game coming, or didn't care and let it happen, you pick.

The average person was just trying to make heads or tails of it and live a good life.

Sure folks took out home equity credit lines, etc. They did the same thing that led to the Great Depression in a way, they spent on paper gains before they were realized... with the blessings of the lenders no less. (The supposed finance pros...)

So I don't know how you can blame average people, who for a while felt like they were getting the American Dream for once. (Which is really to be rich and possibly famous if you get right down to it. To live like a celebrity, LOL! We were all raised on that idea.)

The blame should be placed where it squarely belongs. On our alleged leaders, who are supposed to lead on our behalf as a sacred trust passed to them by the people...

So whatdya think, did they abuse and profit absurdly from the trust or what? LOL!

Trying to blame the little guy is like trying to blame a rape victim for getting raped. It's to shift the blame from the perpetrator to the victim.

Despite anyone's philosophy along the line of "***** happens" or "you get what you deserve"... is that *really* right?

I mean, did this girl that got beat a raped up in Richmond, Ca. *deserve* it? By the same token, did working class America (and everyone else, considering the economic waves that resulted) *deserve* this end?

Get serious.

Geezus, I didn't partake of any of it, and still got hit with a layoff and loss of personal saving (severe loss) in the hunt for the decent job... I had nothing to do with any of it, and am still paying the price.

[ringwise]

Originally Posted by JMadison

Bush is only one man, he didn't do it.

The heads of big business and finance did it.

Aided by Congress.

[ringwise]

Originally Posted by West of Encino

Bush, rich people, the greedy, and feminism are part of the decline in the country.

Actually, it's Progressives that are doing the damage.

[thrillobyte]

I notice one little patch in southwestern North Dakota that has less than 1.9% but probably because the population there is 0.

[Sawmill Jim]

How in Sam Hill you figure it was the lenders fault ?? Some folks act like they never saw a school house .

JMadison you did the smart thing I agree on part of your post but to compare it to rape -----i get it the bankers broke in on them in the middle of the night forced a ink pen it their hand made them sign dozens of papers in triplet loaded their junk moved them in and said pay us when you can next week

Man they had APORN helping people get these loans problem is some couldn't afford section 8 housing

Like you i knew i couldn't afford a huge house so why should our tax money bail out the dumb ones .

My son bought one he got fixed interest from day one no surprises got it to live in not flip is way ahead on payments too. These people went looking for this poker game an only had a hand full of jokers to play with .

[HappyTexan]

Originally Posted by thrillobyte

I notice one little patch in southwestern North Dakota that has less than 1.9% but probably because the population there is 0.

Nice catch. Now watch the stampede to N. Dakota because of that low unemployment rate !

[Boompa]

You Can't just blame Bush, Phil Gramm helped

[HappyTexan]

This whole mess took time. They all played their little part, each and every one of them.
Both Dems and Repubs. Alone it was a non-issue. But over time each added (or in reality relaxed the rules) their little part until it was an all out money grab from everyone both inside and outside of the government.

We are a greedy, corrupt bunch of people who are never satisified with what we have. As soon as we get it..then we want more and we don't care how we get it or who we trample on the way.

We are where we are because of us.