aren040 wrote:Lefty, there are a lot of problems that led to this and to be honest you can say that every recession or depression is in reality a market adjustment. That is one of the things with this country and the world in general, we use many terms to describe the same thing.
The Government calls it a market adjustment, the media calls it a recession, and politicians say that it could be a financial crisis. Why? Well that is because the Government doesn't want people to panic while at the same time they don't want a recession on their file while they served. The Media likes to panic people because that is what gets ratings. As for the politicians, well they just want to scare you into giving up more of your money, rights, freedoms, and whatever else they can take from you.
The reality is that there is more than just one issue here. There was a lack of oversight and regulation, there was a lack of personal responsibility. It was entirely too easy to get a line of credit. The list goes on and on and to be honest, everyone is to blame. Both political parties, big corporations, lenders, borrowers, sellers, buyers, and that list goes on too.
But now, when it is time to reap what we have sewn, well we don't like to lay in the bed we make now do we.
-aren
You are correct my friend Aren and am with you on this, but!
IMO the blame it has to go to the Government and Government only!
The reason that we vote is to have a Government that control all corporations, lenders, borrowers, sellers, buyers.... our way of life in general!
So you can say that now the people of all over the world have to lay in the bed that a few millions Americans vote for us!
Lets see this time if our American friend make the right choice!
Regards
Lefteris
