Our economy

Hi Big-Mama, ------- Yes, I would blame those who's duty was to control that things like that won't happen. ----------- Best regards,

I'll say Bush is to blame. lol!

Yes check it out: The Federal Reserve scroll down the page and watch the videos You will find your answers and then tell me what you think

http://www.endthefed.us/?awt_l=5shTN&awt_m=1lcw835zyrvGGC

I found this list from Time Magazine: 25 People to Blame for the Financial Crisis .

ha!! I knew it!! Bush is the number one cause of this failling economy;)

The liberal democrats are to blame for the economy. Obama and acorn are the most to blame I think. They cried racial discrimination to make banks loan money to people that aren't going to ever pay it back. And while they collect welfare checks, the rest of us are paying for the fallout with our tax dollars.

Obama is the Worst thing that has ever happened to America and those that voted for him are ignorant I think.

In a free market there is always enough blame to go around, but to be real the fault for our economy begins and  ends with the federal government. When John Kennedy introduced Keynessian economics to the government. That is when the federal government started living on credit which is the cornor stone to John Keynes Economic theory. Do not get me wrong living on credit is not a bad thing as long as you are responsible. Our Congress and Bush in his last two years and Obama in his first 3 months have taken deficit spending to its highest peak and made it an art form. Unfortunetly it will take my great great  grandchildren to put a dent in it. As you know from your personal spending once you have spent to much and no longer can borrow because you already over borrowed , you reorganize your priorities and redue your budget and start over . If you cannot you must file bankrupcy. The fed cannot file they have two directions to head and only one is a real option. But unfortunetly  the government will most likely start printing money and that is a bad thing. What they should do is to reorganize priorities and cut spending, but that is to easy and will hurt some and end the pork barrel spending for a while but we will come out if they also let the free market do its thing. Under Carter and Clinton with the community acts that forced the banks to loan money that created alot of bad paper which started the ball rolling, the housing bubble started. And like all markent bubbles they bust. this one was made worse with an economy that grew to over 14K. Alot of money was made by alot of people and alot of credit was created then the bubble burst and credit dried up to much bad paper with the bad mortgages and bad credit managers who never saw an end to the rising market.  Yes, there was greed but do not just say it was with wall street and the bankers it also goes to everyday americans who lived beyond there means. Like blame there is also enough greed to go around to everyone. Had the Government let the business fail, no bailouts there would have been haircuts and pain to go around but the market would have corrected, banks would have closed and some businesses, but we would have not gone into the debt we have. Over spending by the government is like overspending in business it never works and in the end haicuts will be taken and pain will be put out but the end will come. The problem is do we get it over with or do we prolong it, in our current situation we are prolonging it. Who is to blame, well currently it can be placed on the head of the fed.

Blame those who were borrowing moneys from banks and doesn't paid them!

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