Originally Posted by
Grim
Wrong.
The problem is the government trying to drive the economy and regulate private industry.
Why is the stock market up? because the government printed money to cover bad decisions in other areas as a result of their regulation instead of letting capitalism run its course and a few companies go under.
The government though programs like the "fair housing act" enabled people who had no business buying a house to buy one. The government regulated those evil bankers and became enablers through Fanny and Freddie. Then it tanked
asshats like Barney Frank was saying nothing is wrong when
the opposite was true but his Lover (that he got the job for) was making a killing over and Freddie Mac with his help in the government.
It drove up real estate values making the rent go up on the LBS. THEN to add insult to injury the goverment does stupid crap like "Quantative easing" that devalues the dollar. Sure it makes the stockmarket look great to the ignorant that dont understand that the reason the US stock market is up and a barrel of oil over $100 a barrel is the government made our dollar worth LESS on exchange rates with other countries making it harder for the small guy to be competative.
You've been watching too much Faux News, dude. This is pure baloney. The economy tanked for two primary reasons -- bad decisions by big business and LACK of effective government regulation. Funny how the conservatives caused the economic crisis and then turned around and blamed it on everyone else.