I'm a history major. With a minor in math. I can put 2 and 2 together with the best of them. It Didn't work for Carter it didn't work for Zimbabwe it didn't work for Ancient Rome it sure as hell isn't going to work here either.
You can't spend your way out of debt. All you can do is dig the hole deeper.
I'll agree the oversight wasn't what it should have been but with out the collapse of all those mortgages upon which all those derivatives were based the lack of oversight isn't a problem. And lets not forget that all those derivatives were out and about because several mortgage companies knew the government had backed them into a corner from which they might not beable to extricate themselves.
It is interesting to note as well that your government whose second in command is none other than Joe 'Country wide" Biden and whose leader is none other than Barack 'Fannie can you give me more loot' Obama are currently doing everything they can to point everyone in a different direction. Frankly it smells a bit quid pro quoish to my none to sensitive nose.
You can't spend your way out of debt. All you can do is dig the hole deeper.
I'll agree the oversight wasn't what it should have been but with out the collapse of all those mortgages upon which all those derivatives were based the lack of oversight isn't a problem. And lets not forget that all those derivatives were out and about because several mortgage companies knew the government had backed them into a corner from which they might not beable to extricate themselves.
It is interesting to note as well that your government whose second in command is none other than Joe 'Country wide" Biden and whose leader is none other than Barack 'Fannie can you give me more loot' Obama are currently doing everything they can to point everyone in a different direction. Frankly it smells a bit quid pro quoish to my none to sensitive nose.
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