- Joined
- Feb 1, 2010
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The moronic behavior of our Congress and President have made doing business here, less stable.
Banks/businesses have a cash surplus right now and won't hire anyone because of uncertainty.
That may address why nothing is changing but noit the root cause. We went through a period of great affluence. As much as people bang on the Bush tax cuts we forget that markets were up, home costs were up, private business ownership was up, and unemployment was at 3-5%. The problem is the nation squandered that opportunity. And the blame runs across the board. The government spent money like crazy. No one is guiltless there. Both sides rolled in the trough and Bush signed the legislation. Banks and big business to be sure went after profit and did so irresponsibly. But lets not forget...we the people. We saw the housing boom...we bought homes we couldnt afford, we bought into the second and third home flipping markets, and housing costs SOARED. 150,000.00 house is STILL really only worth 150,000.00...but due to the boom buying and spending it now goes for 4-500,000.00 dollars. And for a while there...3-5 years...that was fine. Destructive, but fine. We were bujying trucks (which kept getting bigger and more lavish) for 45-50,000.00 WHO CARES! Mwuhahaha!!! Credit that beeeyotch...hell lets go froma 4 to an 8 year loan...keep the payments affordable..and hey...you know what? Screw that...Im going to refinance my 500,000.00 home and roll all my loans into the loan amount. Yahoo!!! More money to spend! OK...so now my $150,000.00 home costs $625,000.00...before interest...but who cares...its only money, right?
George Bush didnt do it. Barney Frank didnt do it. Fat cat bankers didnt do it. Amercan people want to know who REALLY ****ed things up? Grab a mirror.