Clinton started it by allowing for loans to be given to people who could never repay them.<br />
Bush started two wars.<br />
Obama did alot of stupid bailouts.<br />
The government overall is to blame.
I would say it lies squarely at the feet of the elite and that goes for the Capitalist class and the political class alike. The capitalists that are willing to destroy the world to make a buck and the politicians who sold out their fellow citizens to get a cut of the spoils. Welcome to the new feudalism.
Yeah, because of a union I have health care and retirement. Damn me all to hell for it too!
the greedy elites
Why the free market , neo-liberal capitalist vultures of course ......who else ?
Our parents. Selfish F**kers
your moma credit cards, credit crisis
WE are all guilty as charged, don't blame the politicians we can vote them in or kick them out. But we have forgotten that the power runs from the bottom to the top. We have turned control over to a select few and do nothing but complain<br />
Don't blame the banks we sign the papers and spend the money. We are selfish and greedy. When the housing market was going crazy we all stood in line to sell at inflated prices or to mortgage our homes to the hilt to buy overpriced toys<br />
Don't blame other countries we created the mess right here at home. Companies outsource jobs to other countries because unions and union members have driven labor prices too high. Don't blame foreign investors they are just buying what we put up for sale.
The US had plenty of economic woes, recessions, and depressions before the great depression, but when it hit the democrats took the time to carefully construct numerous safeguards to prevent the disaster from happening again. When the US emerged from the great depression the country prospered as never before with all those safeguards in place, but industries fought to deregulate them. The end result was a return to exactly the same kind of corrupt practices that caused the great depression in the first place and a similar house of cards being built only to collapse and run the entire world economy into the dirt.<br />
I don't blame the industries for looking out for their own interests and I don't blame the government either. The American people allowed this to happen and even encouraged it preferring to gamble their future away and fight among themselves rather than deal constructively with the growing problems of outsourcing, automation, and their increasing reliance on credit. Instead of changing with the times, a significant percentage of the population remains adamant to this day what we need to do is roll back the clock another hundred years. That's just the way it goes in the most classist and capitalistic society in the developed world where winning is everything and morality, public welfare, reason, etc. all take a backseat to winning at any cost.
I firmly believe the downfall started with The Industrial Revolution. When a man, and his family, stopped living off of the land, on their own property, self-sufficient and started working for another man, dependent on him for his pay check, in an unhealthy environment. This cycle of existence has finally caught up with us. Sure, you can blame political figures throughout history, but I think their decisions were made ba<x>sed on the system previously formed. Hardly isolated.<br />
There. That's my soap box preaching for today!
My friend, in a nutshell, Capitalism has played itself out. base human nature once again prevails. We must create a new system based on the internal transformation of the individual. One of the original concepts for forming America. An on-going process.
Define 'better'. They will live longer with better health. May not have as much purchasing power (on average) but that does not necessarily mean it's worse.
That's the US I'm in UK. We have an obesity problem but not as bad as yours. At the moment the average life span is increasing by one month every year. Approx 20-25% of those born now are predicted to pass 100.
Mine will be better, ignoring my own successes... we have the Internet people, the Internet.
Oblunder, he squandered hundreds of billions of dollars. The Gov always screws things up once it gets in volved. the depression of 29 was made worse by the Gov involvment.
The world. We lived lies for the last 50 years, inflation, GPD and a lot of other crap that is useless.