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Thread: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Frolicking Dinosaurs View Post
    The basic premise of the OP is flawed. It assumes that if a large percentage believe government is to blame, then those same people do not also blame financial & corporate entities. The truth is a large majority blame both:
    Poll: Washington to blame more than Wall Street for economy
    That says that more blame Washington. Where is the flaw?

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    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.

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad 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

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    When asked whom they blame more for the poor economy, 64% of Americans name the federal government and 30% say big financial institutions.
    Probably because it is the government's fault.

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    30% is pretty much your given liberal Democrat base. The OWS folks will just have to stomp the American flag with greater effort, litter the streets with higher mounds of trash, crap bigger in the gutters, and block more traffic, until the rest of us see it as they do.

    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.

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    It is not effective in the US under any circumstance. It never plays well here.
    That's just silly emotional nonsense. Whether or not it "plays" well has no bearing on it's effectiveness for showing displeasure in the government or wall street. If someone's goal is to demonstrate their displeasure in the US government, stomping on the flag is highly effective at achieving that goal, since it clearly demonstrates that displeasure. Don't allow your personal emotions regarding the action to allow you to reach a false conclusion about it's effectiveness at achieving it's desired goal. Think rationally, not emotionally.

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by hazlnut View Post
    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.
    Dude. This thread is about the poll results. Government intervention in the housing market created the housing bubble. Threads everywhere here about it. Government created the moral hazards by its expansion of Fannie and Freddie to underwrite sub-primes. Virtually anytime government gets involved in picking winners and losers in the free-market, it creates moral hazards.

    The Conservatives and Tea Party do not want Obama to "provide jobs everywhere". That's the OWS flea-baggers.

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Eighty Deuce View Post
    30% is pretty much your given liberal Democrat base. The OWS folks will just have to stomp the American flag with greater effort, litter the streets with higher mounds of trash, crap bigger in the gutters, and block more traffic, until the rest of us see it as they do.
    Blaming "the federal government" is pretty nebulous, and I would suggest that even some of those OWS probably agree that the federal government played a role. Although the things that they blame the federal government for, are probably not the same things you blame the federal government for.

    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 08:23 PM.
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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Tucker Case View Post
    That's just silly emotional nonsense. Whether or not it "plays" well has no bearing on it's effectiveness for showing displeasure in the government or wall street. If someone's goal is to demonstrate their displeasure in the US government, stomping on the flag is highly effective at achieving that goal, since it clearly demonstrates that displeasure. Don't allow your personal emotions regarding the action to allow you to reach a false conclusion about it's effectiveness at achieving it's desired goal. Think rationally, not emotionally.
    Apparently this is all over your head. Enemies of America burn our flag. Americans burning the flag is not seen as a legitimate protest against our government. Maybe in commie-land such is the norm. We ain't commie here. Communism is a five-spiral crash over and over.

    You are grossly misinformed about flag burning here. Probably not the only thing either

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    Re: Gallup: Americans Blame Government More than Wall Street for Bad Economy.

    Quote Originally Posted by Kandahar View Post
    Blaming "the federal government" is pretty nebulous, and I would suggest that even some of those OWS probably agree with that. Although the things that they blame the federal government for, are probably not the same things you blame the federal government for.
    And blaming "corporate greed" nails it ?

    Blaming government is not at all nebulous. It is as simple as Reagan said "Government is the problem". Government initiated the housing bubble.
    Last edited by Eighty Deuce; 10-19-11 at 08:23 PM.

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