wellway16
Junior Member
- Joined
- Jul 26, 2006
- Messages
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so you have psudo gov't job. that explains a bit.
wait so people forced these people to buy homes the couldnt' afford? and the lenders didn't care if these people to default on their loans? countrywide wanted to go bankrupt i guess. and i suppose the democrats forcing fannie and freddie to lower standards to lend ot low imcome people wasn't any part of the problem?
and what evidence do you have that the middle class has been eroding since reagonomics? the fact they currently have the highest standard of living in any country ever?
The one thing that has been proven that Gov't does better than the private sector is electricity......ask anyone who lives in the Tennessee Valley if they would rather have TVA or some hack de-reg company raping them silly every month. There aren't any blackouts here......
And TVA has their flaws too, but that .07/kWh with the occasional FCA ain't bad.
You obviously missed my statement that there was blame to go around, but to absolve the lenders of the yeomans share of the blame is misguided....they are the experts. The Gov't deserves blame too (Clinton and Bush), but maybe if we weren't so busy abroad, some of these domestic issues could have been taken care of. Bush had the same mandate Obama has for six years, and other than one tax cut (that because of Iraq was stupid in retrospect), I can't think of one domestic topic unrelated to terrorism that was TOUCHED during his terms!
The middle class is eroding, because their jobs are....may not show up statistically in 2009, but its happening. We're lucky to have a high standard of living, in comparison to other nations, but we're not other nations.......we are The United States of America.
We're better than this crap that's going on.