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Old 23.04.2008, 10:39 PM
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LivePsy LivePsy is offline
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Join Date: 01.11.2006
Location: Melbourne Australia
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I don't see why a figure head, or a government in general screws up the economy - even if they wanted to. Unless you want to blame them for not enforcing stricter policies in lending. And that's like blaming McDonalds for making you fat.

The current US recession is caused by greed from thousands of individuals. People who couldn't afford something but borrowed for it anyway, Loan brokers who made money out of the borrowers even though they knew the borrower couldn't afford it, corporations who bought these loans. Its all risky, but no one forced them to do it. There ought to be a depression, its the same kind of steps which happened in the '20s - margin loans being called in. This time around the government gave out cash to get the economy started again, they should have really stood back and said "sorry its gonna hurt for a while..."

No change of government in the US would have caused a different outcome. Its what, 10% of the population who vote? But its 99% of the population who are greedy.

Cheers,
B
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