Friday, February 20, 2009

The state of affairs and lesser of two evils

Remember the state of the economy back in the 70s. Carter got the blame for that, as did Reagan for the economic boom and turn around in the 80s. Bush got the heave for the downturn, then Clinton got approval for inheriting the changes that his predecessors initiated. Who is to blame for all of this mess? No one person or act is at fault. The American people are stupid for buying more then they can afford. Mortgage lenders and banks are stupid for giving too much credit to those that can not pay it back, and President Clinton was at fault for letting regulations change that govern how much capital a bank had to have on hand versus how much it can loan out. All of these things and more have brought us to the dire economic situation we are in. the auto Industry has not helped up. The adult entertainment industry is hurting. The entertainment industry as a hole is feeling the pinch. There is not much that has not felt the pain that we have brought upon ourselves. Al is not loss, we have the power to fix this. We control our own destinies, and with a little help and some luck we can all prosper once more.

No comments:

Post a Comment