when will we take the blame for the recession?

Jump to Last Post 1-9 of 9 discussions (9 posts)
  1. nightwork4 profile image61
    nightwork4posted 7 years ago

    when will we take the blame for the recession?

    people are blaming the government for it but we let the government have this much power. if you new that bailouts and huge loans weren't going to help, isn't it your responsiblity to stand up and fight against it?

  2. RodEccles profile image77
    RodEcclesposted 7 years ago

    Ultimately it is "We The People" who are to blame for what our government does because we elect then re-elect those that do damage to us.  With that said, everyone is to blame, from government down to individuals.  Its called personal responsibility.  If we were, then people would not get mortgages they could not afford and people would not have credit card debt up to their ears.  And people would not rely on government to solve their own personal problems and issues.

  3. dashingscorpio profile image88
    dashingscorpioposted 7 years ago

    Never! In America our favorite past time is "The Blame Game".
    Whenever anything goes wrong in our lives the search is on to find someone to blame. A woman puts hot coffee between her legs and burns herself (It's McDonald's fault). Really?
    Taking responsibility for one's own actions is Un-American! :-)

  4. Wesman Todd Shaw profile image94
    Wesman Todd Shawposted 7 years ago

    Excuse me for a second here, I agree with you completely in the spirit of your question; but you've failed to take notice that, so ironically, just one day prior to airplanes crashing into the accounting wing of the pentagon, TWO POINT THREE TRILLION DOLLARS were reported to be. . . . .um. . . . .MISSING!  So bailouts and loans be danged, what about the TWO POINT THREE TRILLION DOLLARS that came up missing just ONE DAY BEFORE airplanes crashed into the pentagon's ACCOUNTING WING. . . .and a few other places as well.

    Something wicked this way blows.

  5. Rob Hanlon profile image60
    Rob Hanlonposted 7 years ago

    when will we take the blame for the recession?
    people are blaming the government for it but we let the government have this much power. if you new that bailouts and huge loans weren't going to help, isn't it your responsiblity to stand up and fight against it?

    Good question nightwork, being in the UK I experienced the last recession in the late 80's and for a good few years I blamed the then Government - too much of a copout !
    You are right, it is an individual's responsibility to take a stand - though individual circumstances vary greatly and I feel for those people who, through no fault of their own, have suffered greatly as a result of other peoples actions.

    Experience is a great tool, I hope lessons can be learned from this situation as I fear for future generations, let alone the present.

  6. lone77star profile image83
    lone77starposted 7 years ago

    Why blame anyone?

    Why not merely take 100% responsibility?

    And why "fight?" There are many more effortless ways to correct a situation or a problem. "Fighting" frequently causes more problems.

  7. nightwork4 profile image61
    nightwork4posted 7 years ago

    just so people understand, i don't mean fight as in violence but rather in words and demonstrations. fight as in refusing to let your taxes go up while companies are abusing bailouts.
    if we don't take back our countries from the wealthy then we are in deep trouble and soon it will be beyond repair.

  8. 6hotfingers3 profile image58
    6hotfingers3posted 7 years ago

    The government is us. Each of us make up the government and we send people to represent us in the law making establishments of the country. The recession  we created is a by product of everyone trying to get a piece of the pie without having to pay for the consequences of our actions. Before we knew it, we had over extended ourselves as individuals. So we demanded the government representatives fix the problem we created. That's their job right? So we can blame them if they can't fix the problems we created. After all isn't that the reason we send them as our representatives in government?

  9. Wayne Brown profile image84
    Wayne Brownposted 7 years ago

    You are correct. First and foremost, the American public was apathetic in its approach to legislation.  When Clinton forced the simplification of home ownership, he essentially forced the system to forfeit sanity in the name of opening home purchases to anybody desiring one by offering little paperwork, very loose credit requirements, and zero dollars down. This move threw open the gates for the industry to place a very large and inflationary bubble into the housing industry.  In effect, it created a "false housing market" which eventually collapsed on itself due to the practices in place.  That aspect of the financial collapse is still present and looming with no viable solutions around except a taxpayer bailout. In doing that, we basically penalize the taxpayer who has carefully bought their home and paid their mortgage and continues to pay their mortgage even though home values are slidding. The difference here is that some of us in America still believe that our word is our bond. if we said we would pay for it, then we will and we all knew it was a gamble to start with. Others are willing to throw in the towel at the first sign of trouble and scream for help because they have been a "victim"....yes, a victim of their own stupidity. As a public, we must guard against these programs in the future and make sure safeguards stay in place that offer a fair opportunity but retains some level of sanity.  By the way, thanks ever so much Mr. Clinton. WB

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)