Off-Topic: TIME FOR A REAL CHANGE
(Lake Martin Specific)
111,170 messages
Updated 5/28/2024 5:46:58 PM
Lakes Online Forum
83,644 messages
Updated 5/28/2024 9:14:08 AM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Lake Martin Specific)
4,170 messages
Updated 5/28/2024 5:21:13 AM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,261 messages
Updated 5/28/2024 6:31:10 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
(Lake Martin Specific)
169 messages
Updated 5/31/2023 1:39:35 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
AUCATZ
- 
|
|
Subject:
|
TIME FOR A REAL CHANGE
|
|
Date:
|
10/24/2008 4:47:59 PM
|
|
You are very right. Any 'change' will take years. I personally believe it will take 5 or more years before we will, if then, get back to where we were earlier this year. We have an artificial economy that has crashed on it's own pettard, and it will be a long climb out of it. I guess, if one can say it without being bashed, it is fortunate that the rest of the world is experiencing the same thing. We aren't the only ones in this mess - the rest of the world has the same real estate issues, the same bad loan situations, etc. So, in all honesty this Global Economy of ours isn't just "US". Bad mistakes and lack of oversight all over the world.
Blame whoever each one wants for the problems, it isn't tied to one person, one administration, or one decade. The real estate mess began in the 1980's with the Community Reinvestment Act that forced banks to make loans in specific underpriveliged areas of their communities to 'equalize' and make loans more 'fair'. It ballooned from there to the mess we have now.
We have a problem regardless of who we elect. I just feel that experience in world affairs and other things trumps great rhetoric. But, that's just me...
|
|
Reply
Back
Search
Off-Topic Forum
»
Alabama Lakes
»
Lake Martin
Login
|
Home
