Don't we play a roll in this economy? We aren't idiots, we didn't spend well and we enjoyed putting our heads in the sand. Why aren't we discussing our role?
BOTH administrations made poor decisions, but we allowed it. All of us.
Answer by Collinsky at 6:36 PM on Jun. 5, 2009
Answer by urkiddingright at 6:29 PM on Jun. 5, 2009
Answer by Anonymous at 6:32 PM on Jun. 5, 2009
Answer by Carpy at 6:34 PM on Jun. 5, 2009
Answer by michiganmom116 at 6:38 PM on Jun. 5, 2009
Answer by Carpy at 6:42 PM on Jun. 5, 2009
Are those the only answers as to whose at fault? Not to anyone who knows anything about the economy works and who knows that simplistic answers only suit simplistic people.
This mess has been in the works for nearly 30 years. Presidents also have very limited power over things like this - Congress has far more. Many, many bad decisions went into this mess. Among those decisions is the decision that millions of people made to buy homes they could not afford simply because someone was willing to lend them the money. Then there are the millions of people who took out every cent of home equity they could because it was "their" money - forgetting that that money didn't really exist anywhere but their fevered imaginations. Bad lending practices driven by mandates from Congress and greed people.
Answer by kaycee14 at 6:44 PM on Jun. 5, 2009
Answer by _Jynxx_ at 6:48 PM on Jun. 5, 2009
Answer by teamquinn at 7:21 PM on Jun. 5, 2009
Answer by tnmomofive at 8:05 PM on Jun. 5, 2009
Next question overall
(Home & Garden)
Would you lower a price for a rental house if asked ? (for Landlords mainly)