You can spin anything to make it look good when you are dealing with something as complex as the America economy.

The people know that they are not doing better and will let Obama know next Tuesday!

The true indicator the economy is getting better is when as many people have family supporting employment as they did before the rich greedy people made the economy crumble.

What I find hilarious is people blamed Bush for the economy failing (when it was really wealthy people in general who were to blame, with a few specifics with more blame than others) and decided they wanted a Democrat as president. Obama would rally the economy, people said.

Now, those same people it seems want a Republican since the economy didn't rebound the way they expected, so they'll vote Romney.

Hilarious.

The ecomomy was ruined by the banks and mortgage companies who were making high-risk loans, and by the idiots (who were not quite as wealthy as they thought they were) who took out those loans.  The mortgage industry collapse then caused a domino effect that dragged the rest of the economy down behind it.

There's a lot of blame to go around.  Anybody who says it was Bush (it wasn't), or "rich greedy people / really wealthy people" (it goes well beyond that) that caused the crash isn't looking at the entire picture.  Blaming the rich/wealthy for the crash is just buying into the Obama class warfare rhetoric.

I don't think there's a huge swing of voters in the last couple of elections, nor in the upcoming one.  There's a large base that will always vote for the Democratic nominee no matter what, there's a large base that will always vote for the Republican nominee no matter what, and there's the 10% or so in the middle that actually decide the election.  You know which groups/demographics largely make up the Democratic base, and which groups/demographics largely make up the Republican base.  None of them are going to budge from their party nominee.

I've said many times that President Bill Clinton, who I voted for twice and likely would not be in business without, started the problem.

http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html

Posted by MikeT23 on 11/2/2012 9:31:00 AM (view original):
I've said many times that President Bill Clinton, who I voted for twice and likely would not be in business without, started the problem.

http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html

Agreed.  The seeds of the 2008 economic meltdown were planted during the Clinton administration.

But it sounds a lot better for the Obama administration and it's apologists to just blame Bush.

The wealthy actually ARE responsible for the economic crash (a few of them far more than the others, but in general it is the policies of wealthy individuals who suppress the economy).

tecwrg, look at the list of people in the article you reference and think of the wealth they possess. Same to anyone else. Now tell me the wealthy are not to blame.

Wealth is power.   If you expect some guy making 14k to be responsible for the economic crash, you don't understand economics.   The wealthy, see: Bill Clinton, made the rules that allowed the poor, or non-wealthy who didn't realize it, to crash the housing market. 

Posted by bistiza on 11/2/2012 9:59:00 AM (view original):
The wealthy actually ARE responsible for the economic crash (a few of them far more than the others, but in general it is the policies of wealthy individuals who suppress the economy).

tecwrg, look at the list of people in the article you reference and think of the wealth they possess. Same to anyone else. Now tell me the wealthy are not to blame.

really?

facepalm

Posted by bistiza on 11/2/2012 9:59:00 AM (view original):
The wealthy actually ARE responsible for the economic crash (a few of them far more than the others, but in general it is the policies of wealthy individuals who suppress the economy).

tecwrg, look at the list of people in the article you reference and think of the wealth they possess. Same to anyone else. Now tell me the wealthy are not to blame.

If you don't think that the couple making $100k a year taking out $425k mortgages had no part of the mortgage collapse, then you haven't been paying attention.

Posted by tecwrg on 11/2/2012 10:42:00 AM (view original):

Posted by bistiza on 11/2/2012 9:59:00 AM (view original):
The wealthy actually ARE responsible for the economic crash (a few of them far more than the others, but in general it is the policies of wealthy individuals who suppress the economy).

tecwrg, look at the list of people in the article you reference and think of the wealth they possess. Same to anyone else. Now tell me the wealthy are not to blame.

If you don't think that the couple making $100k a year taking out $425k mortgages had no part of the mortgage collapse, then you haven't been paying attention.

or the Fed holding down the rates full well knowing the market can't withstand 15% annual growth rates in home values.


greed caused this.... from all angles. the government, the banks, and the people.... 

...now its just political greed holding this country back... shoveling money to union jobs & green energy jobs while shunning it elsewhere for political gain... driving a wedge to widen the class divide and hatred for those that are wealthy again for political gain.   Its pathetic... and embarrassing right now to be an american.

?The wealthy, see: Bill Clinton, made the rules that allowed the poor, or non-wealthy who didn't realize it, to crash the housing market.
 

The wealthy also hoard their money rather than spending it, which contributes to economic downturn, particularly when they all do it far more than they otherwise would have.

If you don't think that the couple making $100k a year taking out $425k mortgages had no part of the mortgage collapse, then you haven't been paying attention.

People living above their means did contribute to the economic collapse. However, the biggest portion of it was the ridiculous and often illegal actions of certain wealthy individuals in a shameless attempt to make themselves more wealthy than they already are.

greed caused this.... from all angles. the government, the banks, and the people...
 

Exactly. Capitalism is supposed to use greed to make the economy function, and yet it leads to problems like this. 

And some people wonder why a person with my education and experiences is a socialist. 

 

"The wealthy also hoard their money rather than spending it".

Exactly where are they "hoarding their money"?  Do them have a big vault full of cash and gold coins in their house like Scrooge McDuck, or ar they buring their cash in jars in their backyards?



"However, the biggest portion of it was the ridiculous and often illegal actions of certain wealthy individuals in a shameless attempt to make themselves more wealthy than they already are."

Can you name names, or will that put your life in danger?

Exactly where are they "hoarding their money"?

In all sorts of places. Wealth doesn't have to be in the form of liquid assets.

I'd explain more to you here, but I suspect it would take a great deal of time. Rather, I'll suggest you research how people invest money yourself and you'll find out where they can put their money.

Can you name names, or will that put your life in danger?

Again, I'd explain it all but it would take took long and this is something you can research for yourself. Shortly after  the economy crashed, there were some wealthy people and organizations who revealed they had taken or subsequently took actions that caused and/or made the crash worse. Some of their names are on the list on the article you referenced, but there are others.