[Vmysobfi]

Don't these people understand they are making the anointed one look bad?

WTF, these companies better start hiring or the recovery may be in jeapody...

The trouble is, we've shipped millions of good paying jobs to China and other countries over the last 10 years. I don't see any politician, republican or democrat 'fixing' the economy unless they get those jobs back and then put up tariffs on goods made from countries with cheap labor and reduce business and environmental regulations.

The alternative (which is happening) is for us to lose our good paying jobs, our houses and other things, and then settle for a much lower standard of living applying for low skilled jobs that the millions of illegals here will do for less than minimum wage.

The alternative is here to stay because it's what the policy-makers and globocrats want.


Kramer

[AnIInWon]

To blame any president for the recession is just silly and reeks of partisan bullshit. The POTUS has little effect on the economy or any depressions or recessions that occur. I'm not saying he has no effect. I'm simply saying the effect he does have is very minimal. There are thousands among thousands of things that factor into a depression/recession. To simply point to one man as the cause shows a lack of knowledge on the topic.

I know it's not sexy and doesn't fit within most people's political agenda but here are the cold-hard facts on what caused/enabled the current economic situation. I understand people love to blame the left/right but here are the reasons that led us to where we are today. Obviously there are many, many, many more reasons/factors than the ones I listed below but these are the major ones.

- Lehman Bros. bankruptcy.

- Alan Greenspan held the interest rate FAR too low.

- Collapse of financial institutions and important businesses.

- The housing market burst which caused massive amounts of people to default on their sub-prime mortgages.

- Stupid and extremely risky decisions from credit rating agencies.

- Repeal of the Glass/Steagall Act

- Hank Paulson's inability (or incompetence) of properly handling the inevitable crisis when he saw it coming.

- The financial markets were like the Wild West. Little or no regulation allowed/caused financial institutions to drive the market into the ground.

- Banks and consumers were grossly irresponsible with borrowing.

- Market liquidity decline in banking markets.

- Financial institutions partaking in major risks.

- Bear Stearns got hit hard because of all the ignorant mortgages they wrote and in return led to a serious banking crisis.

- Global savings imbalances.

I know it's not a "It's Bush's fault" or "It's Obama's fault" post but people you hear spouting off that dribble are just blinded by politics and bias and not capable of understanding the real reasons behind the recession.