Lots of blame to go around, but I notice you say nothing about unregulated Wall street investors and speculators knowingly making bad loans to people they knew were grossly under qualified, knowing that these bad notes would be quick turned in under 30 days to another lender and balled together and sold as "investment packages". You point to the shortcomings of "joe bricklayer" yet seem to give a total blanket pardon to the Republican anti regulation crowd who since Reagan, had this insane "hands off the market" ideology that created the S&L fiasco in the 80`s that damn near toppled the economy, yet they learned nothing and continue this campaign of deregulation to this end.
Bush and the Republicans created the largest national debt and ran the highest deficits in US history; Partly as a result of an un needed, un just and immoral invasion of a sovereign nation that posed no threat to America, yet it is somehow President Obama`s fault the economy tanked?
If we actually learned something from history, we would know that his plans are quite similar to proven strategies from FDR that has in fact taken America out of full blown depression and turned it into prosperity.
This is not a give away, it is investment and it will reap greater rewards to the economy than it has cost.
Hopefully it will reap. Unlike FDR's time, we also have become a nation where everyone is expected to be in hoc for the acheivement of the American dream. That's the reason why immigration to the US is greated than other countries combined.
A simplistic example is the ass backwards finacial companies. If I did my job poorly and cost the company ten of thousands to billions, I would be terminated without grievance. On Wall St, it's ok so let's keep the talent by giving them bonuses or they will go elsewhere. I say let them. Where else but in America would that happen? In Japan, they would probably throw themselves upon a sword to save face for family and company. Here? You read on the front page on the news how some girlfriend is miffed that her significant other isn't getting as big as a bonus that he use to get and how she had to deal with him being away working weekends( too true an article and boo hoo!
.) This by far is the worst time for this bs. It undervalues everything that makes our country. There
are no safe jobs anymore. The rich cry poor, the poor get poorer and along with the middle class pay more in taxes to cover the rich.
Bush and Co created todays problems. The banks loaned to people they knew couldn't pay it off, but knowing this was a good plan. If I take your property and foreclose on it and sell it, I still make a profit
Problem is, no one is buying those too.
I hope Obama can fix some of these things.
And to all those in Wall St fairy tale land Grow the f*&k up and do your job the right way the first time!