Government Not Solely to Blame for Subprime Mortgage Meltdown

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This time is unlike the past. The Bush tax cuts did not prevent our economic collapse or provide for continued job security. There is a disconnect between Wall Street and Main Street - The rich and the poor.
We need to have every deficit reduction option "on the table" .
The ship is sinking - All hands on deck!

R.L. Schaefer of CA 11:48AM December 17, 2010

Jimmy Carter started and Bill Clinton added teeth to what resulted in this recession. The dam busted, spreading the water in many areas. Lawyer obama along with Acorn played their role with law suite and threats of more against banks.
Sub-prime was a fix to gain qualified poor home buyers, who were not qualified by historic banking standards. Quota systems established.
A irrational individual puts total blame of such complex issue only on one party. But you use to dismiss the argument. Or to protect you political side. It is a fact Democrats put the motion a going. Wall Street fell from the weight. Housing mess is still ticking and not dead.
Bush bean warning year elected and his along with McCains regulations to help prevent was voted down by Democrats. Barney Frank noted for saying NO PROBLEM during hearing.
This is my shot across your bow. Full frontal attack to come...
R.L. Schaefer of CA I have provided countless times proof increased taxes on rich reduces government revenue from rich. Decreasing taxes for rich increase government revenue. If somehow you have not seen, simple let me know and I will post again. I have it saved on my computer. Prove what you say. I proved mine with many links at different times on this site. Don't expect you will...

Bill Hedges of MO 7:14PM December 16, 2010

the moonshine of of never ending home equity with the moonshine of government printing presses - when what we need is to first stabilize the economy with spending cuts and increased taxation on the upper class, and then rebuild industry with deregulation, financial incentives and innovation.
Anything less is doomed to fail.

R.L. Schaefer of CA 2:57PM December 16, 2010