All this talking about our economy....our situation if you will. I just have to give ya'll my ideas on the reason we are in this mess and no it ain't OBAMA's fault....Dear God!
They blamed the finance sector for bad loans, Wall Street fell redicously. Okay-Okay!
Who were the grass roots people whose loans went bad? Was it the rich or well off? No....now we have the trickle up effect - watch:
Poor folks live from check to check...no large savings...they just get by.
They borrow and make their monthly payments based on what the current situation is....they don't have $1,000s of dollars for any kind of changes in their budget. They are "making" it.
The next class of folks are just a step above the poor....they have a little bit bigger margin for things to go wrong in their budget. We are talking aboutl 90% of the American population.
No they aren't living in $1,000,000 homes either.
Now raise the cost it takes for them to get to work, to heat or cool their home, to put groceries on the table.
Now triple that cost....things start not getting paid and they go bad on their mortgages to opt for cheaper rent JUST TO MAKE IT.
It's easy to blame the poor guys....but who really is to blame? It's not Obama.
Now as the price rises the trickle up effect comes into play and those the next step up are affected and they lose out as well.
The greedy guys at the top began to lose out as well, although their answer is to hurt the poor and underlings even more... they shut down their plants.....reduce production of oil.....and the poor man is now homeless, the step above him is in slums and so on and so forth.
When will we stop allowing this to happen? What was the response to the rising energy crisis prior to this recession? Well it wasn't putting a limit on the energy costs now was it. They made record profits at the expense of the entire U.S. Economy and the world.
Ever wonder why they don't invest in alternative energy in a way that actually results in us not being dependant on oil. Yeah that first guess is generally right. Thank You.
