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Originally Posted by mrhetzel
I agree that if we know the history of our economy we can better understand how we got to where we are today, BUT it's a waste of time and energy to try and place blame on either political party, the banks and mortgage companies, the Realtors, wallstreet, etc., etc.. Ultimately, we, you and me, are responsible for this economic mess. Did we question what wallstreet, the banks, mortgage companies, Congress, etc. were doing? No, we didn't! We were happy as a puppy with a dog treat to see the market value of our home rise beyond what we knew in good conscience it was worth. In fact, some of us may have jumped in on the home speculation market. Did we ever question what the company we held stock in was doing to make such huge profits when their product market was decreasing? No, we didn't! We cashed the big interest or dividend check with a smile on our face, a song in our heart and congratulated ourselves on what smart investors we are. I could go on, but the bottom line is that we caused this mess by our own greed, and ignoring our responsibility to make sure honest and knowledgeable people represent us at all levels of government. Now we have the opportunity to elect people whom we believe can get us out of this mess and will take whatever steps are necessary to prevent it from reoccurring. If we allow ourselves to fall victim to believing all the wild personal, meaningless accusations of the political candidates, and ignore the real issues and how they want to deal with them, then we will again be responsible for our irresponsible behavior. Isn't this a great country? In what other country could you step in your own shxx and blame someone else for it being there.
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To solve any problem, you first get to the root cause. We as taxpayers were not directly reponsible and should not be. Our mistake was continually voting in these thieves. The bailout was the biggest scam and abuse of the Bill of Rights and our Constitution to date. Let Wall Street work itself out. Yes, Cox should keep a more vigilant watch to enforce the rules that are already and have been in place. Companies poorly run come and go. So do banks.
The Fanny Fredie debacle crept into Wall Street, there were greedy people all around. BUT--- the crux or root cause of this problem was Congress. The video and audio tapes are numerous and you can find them for yourself that clearly show Barney Frank, Christopher Dodd, Chuck Schumer, Nancy Pelosi and the rest of the socialist theives saying everything was just find and the regulators should leave it alone. Look folks, people who cannot afford to pay for a home mortgage SHOULD NOT BE ENTICED with zero downpayment to buy. I worked for many years to buy my first home. I pay my taxes and do the right thing. But when you have the calibre of people in Congress riding the gravy train of Fannie and Freddie and getting hugh sums of money for their piggy banks, it's time to act. Obama will be the wrong President in this perfect storm on our shores.
I have absentee voted already, but I feel duty bound to at least try to get through to fellow Americans to do the right thing and not be fooled.