Who bears the most responsibility for the economy?

[ColbertWatcher]

[dkf]

1. Lobbyists...

[tabatha]

2. This should kill free-for-all free market theories.

[iiibbb]

3. It's the system.

We have the scammers... and the people who should've been watching the scammers... and the people who could've done something about the scammers, but didn't have the guts.

[cliffordu]

4. All of the above. Only a moron gets into a LONG TERM mortgage that pays NOTHING on

the principal with an interest rate that fluctuates at market's whim....

And the scumbags that came UP whith these "instruments" need to be stipped of everything they will ever have.

[JDPriestly]

18. They got into them to get the tax deduction.

A lot of people figured they would just sell their homes if they couldn't pay the higher mortgage when the interest rate went up. People don't understand finance. They can't pass simple math tests. That's the problem.

[cliffordu]

19. And now they are slaves.......

I read clusterfucknation by James Howard Kunstler every week - He's been right about a lot of it.....

[Selatius]

20. That's what you get when you defund public education: An ignorant public.

Finance as a field has changed a lot since the end of World War 2. It's a lot more complex than it was, but the education system has not kept up with the changes since then.

[cliffordu]

23. Credit card lifestyle shoved out the window -

People thought they could buy houses like big screen tv's - just pay the interest every month...


What could POSSIBLY go wrong??

[pokerfan]

21. Of course the banks that wrote those mortgages have their hands out

When they make money, the keep it. When they lose money, they stick the taxpayer with the bill.

The republican version of a free market: Heads I win, tails you lose.

[cliffordu]

22. Corporate socialism.

God forbid you need to get your sick kid an xray on the cheap; you get called a communist....

[pokerfan]

24. corporate welfare pigs

[lligrd]

5. All Those Checks That Didn't Balance nt

[dubeskin]

6. Everything does

Unregulation, Congress failed to realize things were happening, the GOP love connection with the giant corporations, the entire system of loaning out non-existent money, and just all out speculation and panic.

However, I have to somewhat feel happy for the Asians. They really are the only thing supporting our country still. If they ran back and demanded money for all the bonds they hold in our name, I really think our country would crash so hard, we'd become Russia to the North, maybe Mexico to the Southwest, Perhaps Canada along it's border, and maybe part of the EU on the East.

[glinda]

11. Canada?

Right now I wouldn't mind being part of Canada.

[depakid]

7. Query: who failed for whatever reasons to learn from the past several debacles?

Hint: Part affilaition is a correlate- but not so strong a correelate as one would like to make a case with.

[HCE SuiGeneris]

8. Need an all-of-above selection.

[ColbertWatcher]

9. You can vote "other" and stipulate that in reply. n/t

[ColbertWatcher]

10. I vote: the GOP. Look at the history ...

... America has had bank failures every 20 years since we gained our independence.

It ended with FDR's New Deal and started up again under Reagan.

Looks like another GOP administration has screwed this nation over.



http://www.mcclatchydc.com/254/story/52488.html

[magellan]

12. All of the above n/t

[MidwestTransplant]

13. Obama of course. Haven't you seen McCain's ads

[ColbertWatcher]

14. Ah yes, how could I forget! n/t

[salguine]

15. Yes, the "weakened regulatory agencies", but they couldn't

have been weakened without Congress' acquiescence. Congress failed to stop what was being done. It's Congress' fault.

[Union Thug]

16. Voted OTHER: All of the above n/t

[mwooldri]

17. Congress has its part... a Republican Congress I believe. nt

[MsTryska]

25. umm...hello?

don't you know who's responsible for everything bad?

it's the Bill Clinton, stupid.

/sarcasm

[ColbertWatcher]

27. You're right, how can I forget The Clenis? n/t

[MsTryska]

28. Never Forget the Clenis.

[20score]

26. All of the above, plus the media for misinforming people about

risks, etc.

[The2ndWheel]

29. All of them, and don't forget the consumers

If "the people" have any say in what's going on(and if we don't, then what are we buying into every day, every shopping trip, every election?), then "the people" have to share some of the blame. Corporations and governments are only as powerful as we think they are. Yet they each seem to acquire more power over us each time we do anything.

[Odin2005]

30. Deregulation.

The Reaganists wanted to bring us back to the "Roaring" 1920s (Reagan greatly admired Calvin Coolidge), but seem to have forgot what happened at the end of that decade: CRASH!!!

[adamuu]

31. Regulate Here, Regulate Now

not very catchy.

and its kind of like closing the barn door after the horses have run away.

[ColbertWatcher]

32. When they calm down and get hungry, the horses will come back to the barn.

Or, at the very least, make it easy to go get them.

[adamuu]

33. hehe that's okay. whenever an analogy stretches very far

i get nervous
so, thanks for breaking the analogy.

[ColbertWatcher]

34. LOL! You're welcome! (I think) n/t

[sicksicksick_N_tired]

35. The ultra-wealthy muther fockers who pay the lobbyists to control the government & its agencies!

THAT'S WHO IS RESPONSIBLE!!!

WHY AREN'T THEY BEING IDENTIFIED AND PUBLICLY PROSECUTED?