Trump appoints wall street barons to head financial agencies
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That's true.
The problem is, no one represents the middle class anymore. The democrats take your money to support the poor and lazy, the republicans take your money to support the rich. Trump says "let's make America great again". By appointing the very people who brought us the economic meltdown of 2008, one has to ask "make America great for WHO"?
The problem is, no one represents the middle class anymore. The democrats take your money to support the poor and lazy, the republicans take your money to support the rich. Trump says "let's make America great again". By appointing the very people who brought us the economic meltdown of 2008, one has to ask "make America great for WHO"?
P
I think many of the "middle class" need to accept some of the blame for the meltdown.
They bought overpriced houses and cars they could not afford on credit, hoping they could pay for it with hoped for pay raises.
They also filled up their credit cards with vacations and the latest electronic toys.
The unions also need to accept some of the blame for demanding pay and benefits that were not reasonable for the skill or productivity that the employees had.
The unions forced many companies to move out of the US on in some cases out of business.
I am all for good pay that is based on skill and productivity. People need to learn how to work. Learn the skills needed for a better paying job.
I am all for people having a nice home and car.
But people need to learn to PAY AS YOU GO. Buy what you can afford and pay for. Save for that home, car, vacation, or toy.
They need to learn the difference between needs and wants.
They need to burn every credit card they have.
They bought overpriced houses and cars they could not afford on credit, hoping they could pay for it with hoped for pay raises.
They also filled up their credit cards with vacations and the latest electronic toys.
The unions also need to accept some of the blame for demanding pay and benefits that were not reasonable for the skill or productivity that the employees had.
The unions forced many companies to move out of the US on in some cases out of business.
I am all for good pay that is based on skill and productivity. People need to learn how to work. Learn the skills needed for a better paying job.
I am all for people having a nice home and car.
But people need to learn to PAY AS YOU GO. Buy what you can afford and pay for. Save for that home, car, vacation, or toy.
They need to learn the difference between needs and wants.
They need to burn every credit card they have.
Last two times that Congress and the White House were controlled by Republicans we had severe economic crises which eventually led to wars. Hopefully, this time the politicians will be mindful of their responsibilities so that scenarios such as that shown in the Book of Amos will not arise as have before:
"The dominant theme is clearly stated in 5:24, which calls for social justice as the indispensable expression of true piety."
http://www.biblica.com/bible/online-bible/scholar-notes/niv-study-bible/intro-to-amos/
The middle class DID accept the responsibility for the meltdown... They lost their houses, investments, etc... They weren't bailed out like Wall Street/the big banks. LOL
Did you already forget it's Wall Street and the big banks that were bailed out by Bush (and Obama)? They got bailed out, not the middle class citizens who ACTUALLY had to live with the consequences of not living within their means.
2 parties were in the wrong (people and wall street/big banks), one group got bailed out, the other had to (rightfully) live with the consequences of their actions. Go ahead, kick the people who had to/still dealing with their bad decisions and defend Wall Street/big banks....
Did you already forget it's Wall Street and the big banks that were bailed out by Bush (and Obama)? They got bailed out, not the middle class citizens who ACTUALLY had to live with the consequences of not living within their means.
2 parties were in the wrong (people and wall street/big banks), one group got bailed out, the other had to (rightfully) live with the consequences of their actions. Go ahead, kick the people who had to/still dealing with their bad decisions and defend Wall Street/big banks....
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P
I agree that it was wrong, no, a crime, that wall street and the big banks got bailed out. Might as well throw in the auto industry as well.
I did not mean to kick those who are now living with their bad decisions.
My point is that some want to put all the blame on one political party or the other or the banks, and not accept that they made a bad decision. And it is also true that many were encouraged to take on debt by those same big banks.
I hope and pray that everyone learned why this happened, it was their own fault, they brought it upon themselves, and will not fall into the same trap again.
It is a sad fact that we often have to learn from our mistakes. But, please learn and accept responsibility.
I will say it again----------
Throw the credit cards away. Learn the difference between needs and wants. Live within your means. Save for the things you want.
I did not mean to kick those who are now living with their bad decisions.
My point is that some want to put all the blame on one political party or the other or the banks, and not accept that they made a bad decision. And it is also true that many were encouraged to take on debt by those same big banks.
I hope and pray that everyone learned why this happened, it was their own fault, they brought it upon themselves, and will not fall into the same trap again.
It is a sad fact that we often have to learn from our mistakes. But, please learn and accept responsibility.
I will say it again----------
Throw the credit cards away. Learn the difference between needs and wants. Live within your means. Save for the things you want.
I'm not the spokesman for everyone or anything, but I think if more people poke Wall Street and the big banks, it's because they were not held accountable... Not civilly or criminally... well, ONE person went to prison for the entire fiasco... So it's easy to poke the 2 parties who were fraudulent and didn't have to own up to anything instead of the people who have paid/still paying for their terrible decisions.
P
Those individuals who have paid/ are still paying for their bad decisions have my sincere sympathy and prayer.
It saddens me that they are still suffering.
But there are some who want to blame others. Some still will not accept responsibility. I pray they will see the truth, deal with it, and move on with their life.
The only good I can see that has come out of this is the tight credit today.
Going into debt should ALWAYS be a last resort for things you NEED (food, shelter, health care).
No one should ever go into debt for things they want.
It saddens me that they are still suffering.
But there are some who want to blame others. Some still will not accept responsibility. I pray they will see the truth, deal with it, and move on with their life.
The only good I can see that has come out of this is the tight credit today.
Going into debt should ALWAYS be a last resort for things you NEED (food, shelter, health care).
No one should ever go into debt for things they want.
Banks and wall streeters did learn... that they aren't accountable. They went right back to using their same old bag of tricks. And now that they rule the presidency, the house, the senate, and the cabinet, you can bet the fiasco of 2008 is going to be just a drop in the bucket compared to what they are brining down the pike.
Not really, they'd be a bit more discreet and leashed about it, but what Trump is doing is a blatant in-your-face case of putting the fox in charge of the hen house!
As for the people's participation, yeah that's true to a point. A lot of people participate because they have no choice. When you put in a 50 hour work week, only to be marginally or less compensated, debt becomes a necessity just to survive. Corporate greed helps drive debt by hoarding money and not supporting employees. People who can afford to live are less likely to borrow and live beyond their means.
As for the people's participation, yeah that's true to a point. A lot of people participate because they have no choice. When you put in a 50 hour work week, only to be marginally or less compensated, debt becomes a necessity just to survive. Corporate greed helps drive debt by hoarding money and not supporting employees. People who can afford to live are less likely to borrow and live beyond their means.