Who Do Blame Most For The Recession?

Discussion in 'Politics' started by American Horse, Mar 24, 2009.

?

Who do you blame most for the recession?

  1. Government

    69.2%
  2. Wall Street

    15.4%
  3. Greedy consumers

    15.4%
  1. American Horse
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    American Horse AKA "Mustang"

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    A recent poll on the O’Reilly Factor asked “Who do you blame most for the recession, Government, Wall Street, Greedy consumers?"

    It’s a given that this was not a scientifically accurate poll, that most of the voters in the poll were audience members who watch the O’Reilly Factor show on FNC.

    But, still they did not agree with Bill’s usual take on the issue.
    He lays more blame on a Greedy Wall Street, and secondly mentions Government in the persons of Frank, Dodd, President Bush, and the SEC Chairman Chris Cox are the ones he directs his most heated rhetoric towards. He rarely mentions Greedy consumers.

    The Results were announced Monday (23 March), and they were:
    82% blamed Government
    9 % blamed Wall Street
    9 % blamed Greedy consumers

    The purpose of the question is how then will those three groups rate here in culpability, and how will that compare with the FNC poll?

    Once again, the question is: who do you blame the most?
     
    Last edited: Mar 24, 2009
  2. Againsheila
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    Againsheila Gold Member

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    I blame greedy CEOs.
     
  3. ABikerSailor
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    ABikerSailor Platinum Member

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    I blame the greedy Wall St types and the CEO's, who unduly influenced the Cheney puppet named Bush Jr.

    The country goes broke, nobody has any money, and what do they tell us to do? Go out and buy something.

    Greed took over during the last administration. If it keeps up, we might not be the United States any longer, we'll be a loose confederation of countries, much like Europe.
     
  4. glockmail
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    glockmail BANNED

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    So vote then, idiot.
     
  5. ABikerSailor
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    ABikerSailor Platinum Member

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    Only if it is a multiple vote. BOTH the Government and Wall St. are to blame.
     
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  6. Life_Long_Dem!
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    Life_Long_Dem! Member

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    I blame greedy out of touch wall street and ceo's...on a story from Good Morning America the ceo of jp morgan stated that he doesnt understand the hatred towards corp america!? WOW how out of touch with reality are these people?
     
  7. PoliticalChic
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    PoliticalChic Diamond Member

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    The blame rests squarely on the shoulders of those who believe, follow or support Democrat/ liberal policies.

    Here is the proof: if there had been no Freddie or Fannie, there would not be a mortgage meltdown.

    If you believe that you should be given things, and cannot or will not delay gratification, then you are a lib, and are responsible for destroying trillions in earned and saved wealth.

    But if you need a bit more obfuscation, if you feel that it's too complex to come down to politics, then Steve Malanga has an interesting article in the City Journal, suggesting that our obsession with owning real estate is a factor:
    RealClearMarkets - Articles - Our Real Estate Obsession Endures
     
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  8. midcan5
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    midcan5 liberal / progressive

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    Ronald Reagan, who began the decline of the middle class even though I doubt he would have wanted what voodoo economics became: greed.

    http://www.counterpunch.org/sharon03262008.html


    "The current financial panic is based on the knowledge that since the 1990s, Wall Street investment firms have orchestrated get-rich-quick schemes predicated on a model of betting using the odds of Russian Roulette, in which managers offer investors opportunities to make fast money in high risk transactions-through hedge funds, structured Investment Vehicles (SIVs) and other "innovative" derivative instruments such as Collateralized Debt Obligations (CDOs).

    These investment schemes, which operate free of government regulation or oversight, have been described as a "shadow banking system," which operates in virtual secrecy, accountable to no one, based on mathematical models investors could not possibly understand and leveraged by borrowed money many times the actual money invested-at terms always skewed in favor of the short-term gains for managers."

    How did we get here. – Political Pass
     
    Last edited: Mar 24, 2009
  9. Life_Long_Dem!
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    Life_Long_Dem! Member

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    In that same story on gma that jp morgans ceo says he doesnt understand the hatred these days for corp. america they expose how jp is using our tax dollars given to them in the bailout to buy bigger more luxurious planes and and bigger hangar with a flippin vegetable garden on the roof!!! and he wonders why main street hates corp. america? HELLO!

    ABC News
     
  10. ABikerSailor
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    Well......people DO tend to get a bit pissed when you rip them off.
     

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