I Blame You For Our Financial Crisis
It doesn't take long to figure out who's responsible for our current economic situation.
Economists (the standard run-of-the-mill economists) will blame the consumer for holding back on their wallets when we need them to spend more than ever.
A Democrat will blame the eight years of GW Bush, for his huge deficits during prosperous times, the lax regulation of banks and other industries.
A Republican will blame TARP and huge federal deficits, even though they voted for all of it pre-2009.
The TEA Party member will blame Barney Frank, Harry Reid and Nancy Pelosi (and the rest of the Democrats) for pushing legislation that allowed sub-prime borrowers to get loans.
Astute financial FOOLS will blame Greenspan for interest rates that were too low and an SEC that would rather drink with Bernie Madoff than actually look at his books.
Peter Schiff / Ron Paul blame the Federal Reserve and fiat currency.
Sadly, everyone above is wrong. The real blame falls on YOU - the entire adult aged American public and their deceased parents, grand parents and great-grand parents. We've all been swindled with promises from our leaders and our Federal Reserve. Promises like mortgage tax credits, the end of recessions, real banking reform, Social Security, free health care, better education for the children, etc., etc.
Some readers will say "I haven't been swindled, in fact I blog regularly about the horrors of the FED, politicians (Dems & Reps), fiat currency, and the magic of Austrian economics."
To this person I ask one question (and I'd like a response) "Isn't the smartest rat in a cage still a rat stuck in a cage?"
PS: Who is seriously thinking of ways to break the cage.