| souixan said: Actually I also blame the republicans who have touted de-regulation since the days of Reagan and so far all de-regulation has done was make trouble. First they messed with american unions and many union jobs died and were replaced by 'scab' outfits that pay half as much in wages with no real competitive safety standard and no benefits. De-regulation is as much at fault here as the dishonest people. The money and credit crunch I blame partly on job exporting creating lower numbers of middle class and more people needing credit just to make due. 159,000 jobs in America lost in September, where did they go? Care to take a guess the answer is China or India? The republican government as of now has done absolutely nothing to protect American jobs and in fact has shown it even likes to pay it's troops less by attempting to cut their supply, benefits and pay. (We have had democratic congress and senate for 2 years but Bush has also effectively vetoed much of what he didn't want) It should also be stressed not everybody was trying to take advantage of the system. In the wake of nobody watching them they wrote in many things Balloon payments, raising interest rates to insane degrees after a certain point of time. This is as much, if not more, the banks faults then the people defaulting. Lending 9 dollars for every 1 you have is pure insanity there IS a breaking point and these guys should have known it. |
By all means, put the blame solely on Republicans. Because they're the root of all evil, right? While JHawkNH has expressed my sentiments on the issue, I think this video shows how there's always more than one side to an issue:
http://www.youtube.com/watch?v=exxVZTKq1vA
Now, this isn't to say that it's solely the Democrats' fault, either. I believe both parties are at fault. Allow me to ellaborate:
1. Republicans are big on the deregulation. They love themselves some deregulation, because it brings us one step closer to a more capitalistic society.
2. Democrats are sympathetic to minorities, poor people, and others who in general are incapable of getting off to their own feet. Unfotunately, this is incredibly naive and idealistic when it doesn't take into account human nature. They were for deregulation of Fannie and Freddie in the late 90's/early 00's (or at least, so I'm told. Feel free to correct me if I'm wrong) so that the poor could buy a house without much of anything in the way of collateral. We can take a guess where this ends up. Oops. :/
Oh, and I'm pretty sure some Europeans aren't saying all Americans deserve this/are to blame. They're shaking their heads at the few who were irresponsible and who caused all this mess. I mean, how depraved would you have to be to wish some people to live in poverty?
EDIT: Beaten to the punch by schattenwolf86? Doh!
The BuShA owns all!
