” So your saying in effect socialism (government) caused this, and socialism )government will get us out?”
Not all govt action is socialism.
“So if we got stung by a scorpion a scorpion sting is what will cure us?”
The economy isn’t a scorpion sting. The economy is a very complex system of objective and subjective factors.
Why are some people so anxious to see the economy fail? Whats good about that? That would only prove to the ignorant that Socialism is the only cure.
That's what I don't get. We have an election coming up in a few weeks. The "layoffs and foreclosures for everyone" platform isn't exactly an vote-getter.
The economy will not outright fail if we allow the market to go it's natural way. It is when we artificially prop up the weak links that we endanger the citizens in the long term.
The only interference we need is to eliminate the obviously too loose credit rules for borrowers. Large and small.
Start at the base with the little stuff and the large stuff will fall in line.
Also make the executives of large financing liable for performance. When their livelihood is on the line like every citizen with a job (except government employees) is subject to.
Start with the small stuff, apply rules equally, and the large stuff will fall in to line.
We do NOT need the government to bail out businesses for self created problems. That is so anti-capitalistic and not at all what the founders wanted to be involved in.