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Originally Posted by smileyman
Who created the problem. I mean really. People cant pay because they cant find work that pays.
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Who can blame people for signing their life away without considering how they were going to pay for it down the road? I can.
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Originally Posted by smileyman
Who can blame our economic collapse on people who took a shot at getting what they wanted? Who can blame banks for making money lending? Or investors for buying up blocks of it.
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Who can blame the banks for taking advantage of the system our government set up and encouraged? I can't. The banks did what was smart business to do at the time, with Uncle Sugar coaxing them along the way.
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Originally Posted by smileyman
The real issue as I see it is corporate America outsourcing every facet of their production to overseas entities for the sake of short term profit.
it's been going on 3-4 decades and there had to be a day of reckoning. All the other shit is just symptoms. cover them up if you want, stimulate them all you can, but it doesnt fix the problem. That is really gonna run its course until someone wises up and invests in America for the long term.
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I'm not buying it. While I think we do need to be more competetive with manufacturing in the global market, I don't see the corporations as the ones holding the sole responsibility. It's not about short term profit, it's about being competitive when the shit that's made overseas costs considerably less... Unions are part of the issue making it very difficult for company's to compete with cheap labor abroad... and the other part of it is a lack of innovation in US companies.