I will play this game.
Would you prefer that we become like other countries? Let's become China. We're selfish? Why do we donate more things to more countries around the world than any other country? (That is probably the result of sticking our noses into other people's business too often, but there it is.)
Because we do not want to focus on the problems we have in our own country? They're all around. Wait, no, Mare-kuh is perfect.
So, anyway. Let's start with our previous president Mr. GWB. Alot of people blame him for the economy problems yada yada. The finger needs to be pointed at Bill Clinton. For it is he and his administration that caused this economic failure. How do you ask? Through his "everyone should own a home" policies, he stronghanded banks into giving loans to people who shouldn't have gotten them in the first place. I know someone who 5 years ago got a 200k home loan making 7/hr with no down payment. Plain stupid. And it is exactly that, that made the economy collapse. With all these people buying homes and couldn't really afford them caused an artificial increase in demand, resulting in an artificial boom and price increase on homes, that were only really worth a fraction of what was paid. Now what happens when all these people, cant afford to make thier payments? Well the housing market gets oversaturated and the market plummits. Thats exactly what happened.
Let's LOWER TAXES at a TIME OF WAR. This way, we'll have plenty of money to fund... Wait.
Clinton had a BALANCED BUDGET and a FEDERAL SURPLUS. I'm sure being monetarily responsible led to all sorts of monetary issu... Oh.
How is it Bill Clinton's fault that someone you know, who doesn't seem to understand money, got a house loan?
If you can't afford something don't buy it. Nah, i have a credit card to pay it off, and i'll pay that off with my other credit card. Good thing it's the credit card company and Bill Clinton's fault that I am so irresponsible with my money.
Now how the banks failed:
What happens when you loan out billions of dollars for properties that are only worth millions? And what happens when the consumers stop sending in checks for those loans? Simple right? You foreclose, sell the house and get your money back. Easy. Not really. The house they loaned 400k for is now only worth 180k, so the banks lose thier hats foreclosing, plus no-one is buying the houses, and there is a supply to demand ratio that makes real estate agents cringe. So now the bank is stuck with properties they cant sell, AND have to pay taxes on. The banks collapse. The banks you see buying up other banks were the few who didn't succomb to the Clinton administration and were smart about who they lent money too. They are in great shape.
Something is worth what anyone is willing to pay for it.
It is not your fault when you don't take care of your responsibilities, Bill Clinton held a gun to my head and made me buy a house that I couldn't afford. Just like Obama made me trade in my clunker and buy a car I can't afford because I got a sweet deal on it.
I lost my hat yesterday in Pittsburgh, it was windy.
It is possible the banks should not have been so, what's the word, greedy. They gave the loans out to these people, they are supposed to do credit checks/background checks/a lot to ensure that they will get their money back.
Why the banks failures and housing market crash killed the economy:
People get scared easy. When they saw this happening, people lined up to pull their money out of banks and investments causing more bank failure and the stock market to plummit. Its a huge snowball affect. With companies losing money, and people holding on to their money more tightly, companies need to make cutbacks to stay alive, so here come the layoffs. Less circulation leads to more of the same. Now people are out of jobs, all because of Bill Clinton and his administration, allowing people who cannot afford homes buy them.
Summary:
This is undeniable fact. It cannot be disputed. Don't even try, it's like arguing with gravity. GWB in fact did not have anything to do with the economy collapse, it was all Bill Clinton and his team.
Is the first part from the 20s? Thought so...
Spelling and grammar are usually important when trying to sound smart and make an argument. Otherwise, your meaning gets diluted.
Bill Clinton personally handed out loans.
Have you been to Gravity Hill? I argued with it and I won.
And one more thing... Since when is 7 years more than a quarter, wait, half their life, hold on, more than 1/3 of someone's life? And why did that number/percent change in each successive post? Because I highly doubt that in first grade, they are already training to become a doctor. Are they overpaid? Probably. Do they do something worthy of making money? Yea, I guess. Do the schools take advantage of this, and should we turn our attention there? Something to think about. It could be argued either way. Higher pay gets better training, maybe?
People need to start pointing fingers of blame into a mirror more often. You were given a brain to use it, not to use it for powers of deduction beyond reason to ensure you can sleep better at night because you can rationalize it being someone else's fault. Stand up, take responsibility, be a man.
Remind me to play some more later, for now, bed time.