1
Anonymous
02 Sep 2011 7:00AM

It's going to take more than one term of any p********, Rep or Dem, to dig us all out of the shit, Bush's administration and the irresponsible lending of the US' institutional investment banking spivs left the Western world's interrelated economies in, three years ago.

Rep. were in charge of the practices at the time and therefore have to shoulder the blame and neither they, nor the dem's, have a quick fix, one-size-fits-all solution.

True Americans could start by prosecuting the banks for irresponsible practices, legislate new restrictions that refocus them as places of security and strength rather than money making machines built like a house of cards, and hit their high-risk/high-reward gambling practices with a social responsibility tax to reward and pay debt to the democracy and its people for creating the capitalist market on which it feeds.

In the recovery years to come, one way or another, alot of people are going to get hurt, a few of the rich and many of the poor - Dem's and Rep's, you're all in this together and you'll get out of it together if you work together.
Go USA!

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Anonymous
02 Sep 2011 2:47PM

^Incorrect^, as the poster said above it was Barney Frank (democrat), Maxine Waters (democrat), Harry Reide (democrat), Nancy Pelosi (democrat), that all pushed for the relaxed rules on mortgage lending when they had the majority that created the financial failure. There is no disputing that, & you can read the article that the poster sourced above for the proof.

Totally incorrect that Republicans were in charge of the practices, as they were in the minority in the House and Senate at the time. You are totally incorrect factually.

Incorrect Americans could prosecute the banks as it was the Congress 5 years ago that changed the rules and set the catasrophe in place. Stating you feelings as if they are facts, sir, does not make them so. You really need to read up on this subject and educate yourself, rather then sounding like a hack from MSNBC.

Yes indeed people are going to need to cut back in order for a recovery to happen. As in Greece, the U.K., and other countries, the USA is going to have to roll back all of the social and give away programs that we've gotten both the wealthy and the poor addicted to over the last 75 years.

If we don't control our borders and make people work for a days pay like we used to 100 years ago, the USA is doomed to a riots, and a fate like we've been seeing in lesser countries around the world.

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