not really sure who you are referring to in the beginning when you say "you all" ? do you mean conservatives? i wouldn't consider myself conservative. also, i feel like you are coming extremely close to making generalizations.
im only 20. i just started following politics and global affairs and economics 2 years ago. quite honestly i am not that informed of what happened previously. i would have to play catch up at this point and there is so much going on right now it seems nearly impossible to do. however, i know enough not to pin too much on Obama's admin. quite frankly, i think the polarization of america between dems and reps is stupid and sensational and misses the much bigger picture. the problem is the institution of our government. republicans have been mucking it just as much over the past hundred years. both parties want to extend their power over the people and trample on the Constitution. in both parties, the Constitution (our Rule of Law) is largely ignored the second after politicians swear an oath to uphold it. Both parties restrict civil liberties. I feel like im going off on a tangent here and i am assuming you are going to disagree with most of what i have said. that's cool, no worries.
When I say "you all" I'm referring to many of the regulars around here that have this misplaced sense of superiority over "liberals" because they're just a bunch of sheep... Yet like clock work anytime Fox News breaks a story they get all fired up, parrot the sound bites, wave the team flag... Only to find out 2 months later that Fox News intentionally blew the story completely out of proportion and that what they initially reported was completely inaccurate.
Yet the "right-wing" sheep have moved on to greener pastures and never get the memo that the story they got all worked up about months earlier was bullsh*t.
As for me disagreeing with you, to the contrary... I pretty much agree with everything you've stated, and you seem to actually be able to think critically, and in my opinion seem to have a decent idea of what the real problems are. Government corruptions (i.e. money in politics) and the polarization of Americans is the main reason things are as bad as they are.
When people are more concerned about their red/blue "team" winning than they are with the welfare of the country... Is it really surprising that things have gone to sh*t?
I have always wondered why it is someone else's fault if a bank gives you a loan for more than you can pay?
So tired of hearing about this. They didn't make anyone sign the papers. I was buying my house in 2001 and they approved us for twice as much as our house is valued at. They said, Oh yes you are approved for this much of a loan. I laughed at them and told them they must think I am stupid to get a mortgage that is 3/4 my monthly income. Then they proceeded to let me know about balloon payments and interest only loans. I laughed again and let them know that I want to pay something that is locked in an not going to change half way down the road. Pretty sure closing day didn't go as fast as they wanted either because I compared my copy of the forms to their copy to make sure everything was correct. That whole part of "READ SOMETHING BEFORE YOU SIGN IT" that I learned growing up. That part where my dad told me, "It has your signature on it, you better know everything that it says before you put your name on it."
You make what appear to be reasonable points on the surface but as you dig deeper they don't really pan out. Were there a lot of irresponsible/greedy people? Yes, absolutely! Tons of abuse to go around. But did those people cause the bubble, or was it the system that perpetuated the irresponsible lending practices?
In the past, prior to the sub-prime/credit crises stuff, there were always loan standards... That were mainly market driven because if you f^cked up, you (the bank/lending agency) were going to be on the hook for screwing up. If you ended up making more bad decisions than good ones you'd eventually be out of business.
What changed, is that greed took over, the risk was diversified away from the people/companies making the loans. The system of checks and balances fell apart and went on unchecked for so long that it created a huge bubble that put the entire financial system at risk.
So basically, a handful of people got rich off it, but most normal people (mostly responsible people) got screwed because the loose credit inflated prices and forced people to pay more money than they normally should have for homes... Which unfortunately caused many people to over extend themselves with the rationale that they were "investing" in the future, that their house was only going to increase in value so there was no point in worrying.
For those interested,
. Is there blame to go around? Yes, many people were greedy/irresponsible but that doesn't make the people that took advantage of the system equally responsible to the ones that purposely set it up that way. Wall street knew what it was doing was wrong, and far more dangerous than the people lying about their income.
You're referring to something COMPLETELY different, in order to try to validate your point... Try to stay on topic, shall we? ;)
Is it really? I'll agree that it's a convenient distraction/deflection, but I disagree that it's "completely different"... If profiling is such a useful tactic for terrorists why is the idea of applying it elsewhere so taboo? In my mind there's not much difference between profiling for terrorists by the color of their skin/clothes/religion, and a tax collecting organization profiling people based on how they might ideologically feel about government taxation. Not that I support either.
Wrong sir... They were profiling before they ever considered granting such tax exempt status. While at the same time allowing "left wing groups" to bypass the system and achieve their tax exempt status without issue and within mere weeks of requesting such status.
Why do you think the additional scrutiny came about? Because there was an increasingly large number of companies abusing the tax exempt status for political ends, which is something that wasn't allowed. The additional scrutiny (and political profiling) was a response to that trend of abuse...
To be perfectly honest, I haven't bothered to look into this scandal all that much. I've only had a chance to take a cursory look into it, and from what I've seen, 1/3 of the companies investigated were conservative sounding organizations. From my recollection, the other 2/3s did include liberal/progressive organizations, so I'm not convinced that your characterization is all that accurate.
At this point, I don't care all that much about this manufactured Fox outrage. In 6 months it will come to light that someone screwed up and that yes there were some issues but that surprise things got blown out of proportion.
That does not mean I agree, or condone the IRS scrutinizing anyone for political motivations. I just think it's a dumbass taking some shortcuts, not some grand scheme to suppress conservative influence.