So many of you might just look at our economy, and go, "it's all Obama's fault!" Even though I did not vote for him myself, I do not blame him entirely for our bad economy. I would ask you to wait a moment before you blame your choice of group/person and consider a few points.
People who got loans when they should not have qualified for them. From there, they inevitably started foreclosing, and suddenly the media became involved. The media started reporting the horrible housing market, caused by these ridiculous loans(that part was of course left out), and suddenly consumer confidence dropped. When consumer confidence drops, spending drops and saving increases, which drops sales for everybody. When spending drops, companies are forced to do layoffs. This begins a crazy cycle of layoffs and further reduced spending. So what is the government's solution? Lets give money to the institutions who failed!
I just blame the government itself, because what do we do in a major crisis today? The government appoints a committee to determine who's at fault, then threatens them, passes a law, raises our taxes; tells us the problem is solved so they can get back to their reelection campaign.
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