Zoomie1980
Senior Member
- Jan 16, 2008
- 1,658
- 128
- 48
Of course the Gov't protects their money.
Gov't puts Big Business before the average american. That's the way it has always been (or really since the early 1900's).
The Gov't protects wealth from getting out to the lower 1% in my opinion.
The Gov't will bail out someone like Fannie but not the average americans who are losing their homes.
And why do you ask? Because they consider it the average american's own fault for losing their homes.
There's not much you can do when the prices for EVERYTHING skyrockets but your still making the same wages.
If you start at 10 for example and the prices start at 5.
The prices get jacked up to 15, however your still making 10.
You can't do it, you can't make enough money to survive or support your family. That's what happening to the middle and lower class.
Of course no facts to back any of that up. Under Bush wage kept pace and usually exceeded inflation for 7 of his 8 years. Same under Clinton. Recessions coupled with energy price spikes always cause inflation to spike ahead of wages. The last time was the late 1970's. They almost always revert to normalcy after the spike passes, regardless of who is President.
Presidents don';t have any control at all over the economy anyway. They appoint the chairman of the Federal reserve and both democrats and republicans tend to appoint the same guys to that position. And that's the only individual that has any real impact on the economy. For the most part, the economy does it's own thing IN SPITE of government actions.