When federal government can steal from some citizens (investors) to try to cure their failures. I will never trust this sorry government again. They have spent/spent/spent and are broke (depend on global funds) and now they are also thieves.
What do you mean, all the speculators and homebuyers who could not afford homes did this. They are you next door neighbor and fellow citizen who did this. The bailout was required because the govt did not regulate properly and also allowed banks, fnm, fre to extend unlimited credit! It is our borrowing ways as americans that make all this possible. Everyone wanted to get rich off housing, you remember all the talk 2 - 5 years ago about housing and the greed! Blame the greedy americans for bringining our finicial system to its knees! Of course i have absolutly no debt i owe to anyone and i will buy a house when if falls another 25% for cash!
Politicians have no clue how to run this government, and have no clue what it took to our forefathers to found this great country.. We've lost our wits, principals, and most of all, intelligence and independence.. We are no longer an independent country, we are strapped by the rest of the world, and our debt. The Iraq war continues to compound our problem with no end in sight under Bush or McMoron...
I'd hardly call this a depression, but if we continue on this path, it's a sure possibility two terms from now.