Quote:
Originally Posted by CaptainCrunch
I rarely argue economics because I'm pretty much a toothless moron when it comes to it.
But while the trouble may have been coming, the American Government was too focuses on other things to react to it in a apropriate time.
|
I disagree. The American Government wasn't inactive in the credit issue at all. In fact, they were giving incentives to the big banks to keep it going. A lack of focus wasn't the problem. The problem was they were pursuing the exact opposite policy they should have. It also wasn't just the American government doing it. The same thing happened all across Europe as well. It happened in countries who were in no way involved in the wars, and it was much worse in some European markets.
If anything having the government less involved would have been a good thing. At least the status quo would have been maintained. Instead a policy that filled the cart up even more before it was pushed over the edge was pursued.
The American government is a big organization. They can multi-task.