All I really get out of OWS and the gang is that many Americans have suffered the loss of their job in what is essentially a depression from the jobs perspective. The rest of the OWS etc left-wingisms, I simply ignore.
With regard to the jobs crisis, it's pretty hard to exonerate goverment, since government has had plenty of opportunity to take action on the matter .. and hasn't.
I believe that people are tired of the poverty they've suffered since September 2008, misery that's yet to abate and is threatening another round of descent.
I have a good idea what the problem is and what needs to be done to fix it.
But those who've yet to take appropriate reactive action (government) are just as indictable in this mess as the causative international corporate consortiums behaving unethically bad in the global economy.
Wall Street did what Wall Street does: doggedly pursue short-term profits with no thought to long-term consequences. BLAMING Wall Street for creating this disaster is like blaming a dog for chewing the furniture. It's what dogs do if you don't impose discipline on them.
So yes, it is government's fault. It's government's fault for letting Wall Street off its leash.
"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
-- Adam Smith
Probably because it is the government's fault.When asked whom they blame more for the poor economy, 64% of Americans name the federal government and 30% say big financial institutions.
Seriously, the chicken or the egg. Is that where the far-righties really want to go?
So, the teabaggies want Big Gov off the backs of the people, but they DEMAND that Obama fix the W. cluster-f economy and provide jobs for everyone. Are they completely daft.
Try this one on -- Big Gov DID NOT properly REGULATE WALL STREET. So, like the parents who let their children run amok... they are at fault when the table gets knocked over.
For the love of Christ, will you far-righties PLEASE google MORAL HAZARD.
I said Please.
The Conservatives and Tea Party do not want Obama to "provide jobs everywhere". That's the OWS flea-baggers.
The federal government shares some of the blame for allowing/encouraging Wall Street's bad behavior, but make no mistake about it: Wall Street *did* behave badly. Ultimately the collapse was caused by an unsustainable run-up of private sector debt (fueled by banks that were run like casinos, shoving cash out at anyone who wanted it). Deleveraging from all that excess debt will not be easy and it will take a very long time. Financial crises are fundamentally different than a run-of-the-mill recession, and if the current crisis is anything like the average financial crisis in other countries, it will take us about 7-10 years to recover.
Last edited by Kandahar; 10-19-11 at 06:23 PM.
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
You are grossly misinformed about flag burning here. Probably not the only thing either
Last edited by Eighty Deuce; 10-19-11 at 06:23 PM.