Whoever gets elected (looks like Obama) will have to deal with this horrible turn of events to start his presidency.
There's blame aplenty, but placing it squarely on one man's or one administration's shoulders is out of line. The past few administrations were just following policies put in place in the late 70s and early 80s. Policies and tools that were meant to curb the out of control inflation of the 60s and 70s, not the out of control credit of the past 20 years.
Oh, criminal negligence (on the part of government officials), corruption, and irrational salary explosion (especially at the top) hasn't helped...
I'm sure my Ron Paul supporting, fiscally conservative brother will chime in with more, so that's all I have to say, for now.
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