dear god that's hard to read but i'm not here for spelling lessons.

it's not fiction. it's how the collapse happened. see, if you read up on how the economy and market works instead of blindly clinging to leftist ideology you'd understand where it came from. much of it is superficial and does not exist. it's the 3 year old with a monster under his bed.

too many believe the dow or S&P is representative of the economy as a whole. they hear of the 47% drop that we have had in the dow so far and think the nation is collapsing so people buy less. unemployment is not the issue as we're only at just over 7% and 5% is considered ideal with 4% being as low as you'd like to go.

gas prices. according to treehugger.com, a survey of 60 million households showed an average increase of 55% in fuel costs thus far in 2008 compared to the same timeframe in 2000. according to the government's bureau of labor statistics consumer expenditure survey, the average cost of fuel per household is under 2000 a year but we'll use that figure for ease of calculation (and because it'll come with a larger disparity in fuel costs that should help your argument). that means that there is just over a $700 difference between the end of the boom in 2000 to bust in 2008 per car. figure 2 cars per household and you're still only at $115 per month! keep in mind that that's 8 years ago... since we were at the top in 2005ish the price was almost $3 a gallon so the real figure since then is about half that.

food. let's use 2005 as the base. we're currently about 75% higher right compared to 2005 when things were pretty good. now according to BLS statistics, the average household spent roughly $580 on food a month in 2005 which means about a $480 increase per month. now that includes eating out.

now add that up... if you're looking at an additional $500 per month that is making you go bankrupt, you're being irresponsible. if you can't take that kind of a hit you shouldn't have the loan in the first place or you need to change your habits. that total for food includes eating out - the largest percentage of which is those in the middle and lower classes. did you know the american public spends over half a trillion dollars eating out the last couple years? buying groceries is much cheaper and could cut food bills in half.

i know you're dead set on pinning this exclusively on this administration but I'm sorry to say you'll never do it.

Somebody needs to oversee. People aren't perfect and some can't be trusted.

the only part that I feel needs to be regulated is the golden parachute and executive pay. it should be directly related to the state of the company. other than that, you're just destroying the system.

It was the policy of this government that has led to this economic crisis. You can spin this all you like and deny reality but they have a vested interest in not takeing the blame being that they created the mess and certainly do not wish to be held accountable.

Finally I agree wth you on something. it's the fault of the government and the whole government. And it took about twenty years of bad government to get here. Democrats and Republicans both are to blame

Lets just say its the elites to make it simple.

like I said, the government had a hand in it but it was not all their fault. someone had to give and take out bad loans... they're just as responsible because it's their actions that started the panic. the government does not control the market.

oh there's lot's of blame to go around

the government attempted social engineering by influencing the free market to abberate from it's natural tendencies. As a result the mortgage credit market became oversaturated with easy unreliable debts. Lots of mortgage brokers and underwriters made zillions in fraudelent loans and guarantees

There'll be lots of indictments to follow

correct. but like i said, someone had to take the loan.

The market oversees my friend. If we stopped medling in it than it would self regulate. It's when we push for a "bailout" we negate that regulation. Then we try and preach that we need more regulation...

Sounds kinda like an excuse to take away a free market and put in an artificial one...

The market doesn't have a choice when deregulation is taken off of the utilities.

Sorry, dont quite understand you.

You talking about fuel, electricity things like that?

Heating and cooling in homes.

If you are saying that the cause of high prices on these is because there wasn't enough regulation, that assumption is incorrect.

For starters you can't fix prices in the market. They rise and fall for a reason. The energy crisis is international, just like medicine. Therefore the largest impact is the value of our dollar. The the value is high, international products are low. If the value is low, than international products are high.

You can entirely blame high energy costs on the federal reserve and government overspending... Basically they print money to fill in where they dont have enough funding. Either that or they borrow from china, i don't know which is worse...

I do know that when we try to control the market, we create bubbles that eventually burst.

I say take regulations of damn near everything accept, like AV said, the retirements of CEO's and things like that...