Is it the government's job to fix the economy?

iVillage Member
Registered: 07-11-2006
Is it the government's job to fix the economy?
628
Mon, 09-12-2011 - 9:21am

Do you think this controversy will play a role in the upcoming election?

WASHINGTON (AP) — The economy needs to be fixed. On this, Democrats and Republicans agree. They part ways over how to do it and, specifically, what role the federal government should play.

"Ultimately," President Barack Obama tells Congress, "our recovery will be driven not by Washington, but by our businesses and our workers. But we can help." His argument that government has a responsibility to do so probably doesn't sit well with an America that's down on Washington.

Texas Gov. Rick Perry, former Massachusetts Gov. Mitt Romney and other Republicans competing for his job take a different tack as they court a tea party-infused GOP electorate: The economy will thrive, they say, if Washington simply gets out of the way. As Perry puts it: "Smaller government, less spending, fewer regulations.At the heart of the 2012 presidential race is an issue as old as the country itself."

Is it the federal government's responsibility to address what ails the nation, in this case the economy? And if so, to what degree? What is the right balance?

More:

http://news.yahoo.com/analysis-governments-role-fix-economy-072531745.html

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iVillage Member
Registered: 09-30-2011

LOL!...

iVillage Member
Registered: 07-11-2006

What part of:

iVillage Member
Registered: 09-30-2011

Apparently liberals feel that someone other than the wannabe "home-buyer" should be responsible for coming up with the downpayment for their own homes.

Maybe a few do, but I doubt significant numbers do. I know that I don't and that I never said anything remotely like government should give everyone who wants it a down payment on a home. That makes no sense whatsoever!

Sure you did...you implied home ownership was some kind of "right" and said not being able to afford a downpayment shouldn't prevent someone from owning a home and praised the idiot Democrats who devised a scheme that let them do it.

iVillage Member
Registered: 07-11-2006

Really? Karl Rove? Spin Doctor Karl Rove? Am I really supposed to read that?

iVillage Member
Registered: 09-30-2011
Obama Sued Citibank Under CRA to Force it to Make Bad Loans

http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/

Subprime lending started out as a good idea. Helping Americans to buy homes they previously couldn't afford to." - Barack Obama, AFTER the subprime crisis had started in 2007

Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make bad loans

http://www.youtube.com/watch?v=ivmL-lXNy64

iVillage Member
Registered: 05-03-2011
Really? That same old tired meme?
iVillage Member
Registered: 07-11-2006
Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make bad loans

http://www.youtube.com/watch?v=ivmL-lXNy64

Yes, that's what I've said. The Democrats (and Republicans) agreed to make legislation to combat discimination in lending. It was done in order to stop "redlining". Banks alleged that that did not lend to various minorities/middle income people because they were "too risky". Legislation said, take on some additional risk

iVillage Member
Registered: 07-11-2006

Wiki:

Howard Husock

iVillage Member
Registered: 09-30-2011

If by "meme" you mean the truth and reality, then yes.

iVillage Member
Registered: 09-30-2011

Now, you have argued that it was the original "social engineering" that led to the crisis. I disagree. I think what you call "social engineering", I call "anti-disrimination". There is nothing wrong with combating discrimination, IMO.

It can only be called discrinimation if you can produce instances where banks refused to offer loans to "a certain group of people" who met the same criteria for a loan as everyone else.

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