Fed ------ed ---- up by maintaining artificially low interest rates. government ------ed ---- up passing loan happy laws... EVERYONE should be prepared for a recession at any given moment. That means 6+ months worth of living expenses saved up. it might mean NOT buying that new car or NOT having cable television, but simply put if people were more frugal(READ: less stupid), our booms wouldn't be as big, but our busts would be far shallower as well.
Name a president who hasn't lied? He's doing more for the US overall in his first few months in office than Bush did in 2 terms. Also, plenty of people who *are* currently employed buy things they don't have the money for... it's called a credit card. The government is working to repay its debt and working to get the average unemployed individual back into work so the US economy doesn't drop into another depression, which was a fear for the US pretty much since Bushes second term. [/b][/quote] GEORGE WASHINGTON what has he done? he got us out 200 something billion dollars out of debt, and put in another 2 trillion on the side i dont think you understand, people employed can buy things with their credit cards, and pay them off because they have a job? |: but now, they also have to pay for the retard who wants that nice tv and cant pay for it because of his stupid loan forgiveness and if obama were really a good president, he'd make it much more difficult for people to get loans, but hes done the opposite and made it easier for people to get loans and not pay the bank off, which hurts the government. the bank is loaning people who know they probably cant get the money to pay them back, because the government said it was ok [/b][/quote] Although I understand and agree somewhat with what you said, I think your missing the bigger picture. Sure, mabye restricting loans may make sure that an unemployed worker will not be able to buy what they haven't earned, how ever if you restrict loans your potentially aiding people to stop buying products. If you stop buying the economy will only get worse because the economic activity has decreased.
