Let’s face facts:
The economic meltdown was triggered by bad legislation written by Barney Frank and Chris Dodd. It was executed through the approval of literally millions of bad loans made by government entities and banks alike to individuals who did not have the financial stability to sustain the payments that would be required. And it has been exacerbated and prolonged by bad fiscal policy, namely the “quantitative easing” pushed by Ben Bernanke, a trade journal term that really means “cheapen the national currency and explode inflation.” Spin it any way you want, libs and progs, this is reality and history will bear this out.
Sure there are those on the Right who blindly point to TARP and the so-called economic Reinvestment and Recovery Act as being a problem too. But those are simply failed stop-gap measures. My point is to look at the root cause. And indeed, Barney Frank and Chis Dodd have much to answer for. Their arrogance and hubristic lust to be adulated, their blind lust to buy votes and remain in office at the expense of the United States Economy and the welfare of individual taxpayers is shameful. Sadly, though, it has caused the current situation the people of the United States find themselves in.
But at the same time, the American people must shoulder blame for their financial straits as well. Their blind desire to embrace all the trappings of consumerism, with all its empty promises of satisfaction, have led them to a place where they hold nothing but piles of debt. All the possessions they amassed with loans give them no solace, no piece of mind.