(02-04-2012 01:10 PM)DrTorch Wrote:  

(02-04-2012 12:24 PM)UConn-SMU Wrote:  So as China supports business, we continue to attack business. Then we wonder why their growth rate is 10% and ours is 1%. And the whole world is laughing at us.

The government caused the banking/real estate problem by forcing the banks to loan money to high risk individuals. But the government will never accept the blame. Instead, it will pursue the banks until they are crippled.

The foreclosure scandal is not the government's fault.

Oh please. The Bush Administration raised concerns about the financial situation of Fannie & Freddie because of the number of risky loans and they were called racist. Barney Frank and others forced the banks to make bad loans. The Democrats resisted any attempt to reign in that practice.

Anytime the government gets involved in the economy, bad things happen. It distorts the normal market forces, with bad consequences.