Night Strike wrote:PLAYER57832 wrote:Night Strike wrote:In 2008, Obama promised to cut the deficit in half by the end of his first term. Instead, he doubled it in his first year and kept it essentially the same for the 3 years after that. The only reason it marginally fell in 2012 was because Congress wasn't handing out blank checks.
Funny how you seem to forget WHY Obama got such a mess to begin with.... and it certainly wasn't too much regulation of banks.
Because he chose to enact massive governmental spending programs instead of cutting governmental expenditures in leaner times of less governmental revenues. Your assumption is that it's the government's job to address recessions, when it's not.
No assumptions. I rely upon FACTS.
The biggest reason for the huge debacle was allowing banks to bundle loans they had to know were largely not going to be paid back, and somehow claim they were "securitized" .. or AAA rated investments simply because they were bundled. It happened because loan managers were allowed to issue loans with essentially no responsibiilyt themselves as to whether the loans were worth making.
It happened because so many large companies keep cutting and cutting wages... while increasing their pockets with no regard to how it impacts employees or even the communitees in which the families reside.
It happened because too many people seemed to think that if a few people were willing to pay 200K for a shack... then who were they to say "no"... and of course the banks knew they would not have to take real responsibility, but hey.. isn't everyone supposed to be a loan expert before they bother to take out a mortgage? According to you.. yes!
You also seem to think that it is government aid that makes people need food, need clothing, need medical care, because, according to you, if the government were not willing to step in these things would just magically not be needs.
(of course, you ALSO say that employers have no obligation to pay enough to cover those things, so the idea that these people.. mostly already working, trying to raise kids, will just be able to go get another job is, well.... not happening).
Nightstrike, it would be really nice if you would ever put ALL of your positions together and see how hypocritical your "stands" really and truly are... and for heaven's sake stop pretending like every problem you have, this country has is the result of government over regulation. Its just not true.