Are you so much of a drone that you would hold a “my country, right or wrong” attitude with a moron like Bush tearing apart everything we are supposed to stand for.

The bottom line is, I refuse to pay extra taxes, or give our government more power over us and our economy, because there are a small minority of people who choose to not work, be drug addicts, or freeload off of society. However, I have NO problem seeing my tax dollars go to help disabled people who can NOT take care of themselves. I’m sorry, but I don’t think you have much room to commentate on American politics when you have no clue what it is like for us (no offense intended). That is why I won’t comment on Britain’s domestic policies, because I have no idea what it is like to experience it.

So how exactly can the media create, or facilitate the creation of an economic crisis? Simple… They begin by finding a small piece of evidence that the economy is getting rough, and they spice it up (as they did years ago). They make it out to have much further reaching implications than it really does. It’s blown out of proportion and made into “super media hype”. Well, that scares the daylights out of people who depend on their investments, especially big businesses. They cut spending and start saving up more money. People start trying to sell their stocks right away, fearing large losses to come. With all the people flooding the market with stocks for sale, the over-supply drives the price down. Large businesses start losing large sums of money. The media is delighted by the turmoil they have fabricated, and continues to portray a “doomsday economy”. Now the major corporations have lost a good deal of money, and have to lay off employees, thus people start losing jobs. This hurts even the smaller affiliate companies that work with/for the larger businesses, and they lay off employees as well. Now the media can report on the millions of jobs being lost. The general population becomes very fearful, and start to develop the “hoarding mentality”. It’s not hard to see how vicious of a cycle this is. Losses to the large businesses hurt the average man/woman, and that in turn hurts the large businesses more. Throughout all of this, the media sets the mood of more terrible loss to come. All of this is made 50x’s more effective during a time of war, or some type of international “drama”. So here we stand today…

But don’t get me wrong. There’s certainly more to it than the media. The media is only in on it for the great stories, and to help them push across their leftist political agenda. There’s a lot of politicians (on both sides) and even businesses profiting from all of this. You don’t think everyone is losing money, do you? No, greed also plays a large factor in this. While we all suffer, there are a few making massive profits off of this. Many politicians exploit the situation to get into office (bring anyone to mind?). The fact is, our government is polluted with corruption, and our media is spoon feeding us garbage to keep us blind. Greed could be called the essence of human nature. Lust for control and power is its driving force. Don’t trust the media, and especially the government. They just want to lead us like sheep to the slaughter. Don’t think for one second that anyone, especially the media darling we know as Obama, is going to change anything for the good. NO politician will be our savior, our messiah, or the answer to our problems. No, the answer to our problems lies within us. We as American people must reclaim our country from these heartless bureaucrats, and give the power back to who it truly belongs to… US!

Iceland (the Patsey nation),..funds GWBush’s golden handshake,…?
Iceland to be declared bankrupt?

Or maybe it all has something to do with the fact OIL has just been discovered in huge quantities off the North East coast of Iceland,..
Drilling rights were granted over one year ago,…those rights finished in April 2008

The exploratory data has been done,..the Polar Ice caps are melting,..new technology is available for deep-hole drilling in the oceans,..
Drilling for oil in Iceland is now a certainty,..and will happen in the next few years
The USA and Europe want to stake their claim to it,..
Icelands bankers and government are to be made lackeys and puppets to the odious IMF

The end of the Clinton era in Michigan saw families being able to afford the mortgages that would get them into a more stable and all around better lifestyle. People in my town would fully admit to having too much credit debt and worked hard to reduce it. It didn’t always work but they stayed afloat. These people didn’t start having issues paying for those mortgages and credit cards until all of their jobs were being shipped over seas. Being left with no work, many of these blue collar people started to default on mortgages they couldn’t afford. These people didn’t stop paying the mortgages they got in the 90’s because they just couldn’t afford the monthly payment right from the get go. It was that the repubulican administration in Washington increased free trade often at the expense of the american worker and drove unemployment rates through the roof.

You also fail to recognize that most of the housing bust happened to people with second or third homes. Investment properties. Now, what happens when people can’t find work and they rent?

Mike, you need to go back to school or at least do a little more than a market centric explanation of the greatest financial crisis of my generation. You try to pin the blame on working people and neglect all of the other factors (of which I have only presented a few of many). Over simplifying things like this not only hurts people trying to get a better perspective of what’s going on but also contiues the financial ignorance that you seem to hate so much.