This was in 2007. Does anyone think the people in power have their head on their shoulders now? The people in Washington don't care if something fails or not, it's ALWAYS not their fault.

So it's up to me to change Washington?

No it's not. All I can do is vote for my guys. Others like Bernanke and Geithner. No citizen has a say in.

All tax paying Americans are screwed. It's just the degree of screwing you will receive that makes it different for each of us.

Jobs have been disappearing for the better share of 25 years,,Probably depends where you live..?

In the Midwest there were parts suppliers for the Auto Industry, a lot of Plastic injection molding and other small parts supplliers..Some may have consolidated? Others just closed their doors for the last 10-15 years.

Appliance makers, TV, VCR,DVD and other type homemaker type stuff has walked away, at a fervid pace....Some to Mexico, then to the Pacific Rim...Washers,dryers​,Frigs & Freezers (small) along with Micro Waves and other stuff in the kicthen...Just plain gone, and probably never coming back..??

Funny, I am reading a book right now, which is about advertising from the 1900's to the 1980's (roughly) and am struck by the fact that we now manufacture next to NOTHING!  All of those mills (most of which are empty) now house rental space, storage, etc.  Once upon a time (when they were built), we were a great country which fabricated our own products, grew our own food, took pride in our country...  not so anymore...  all those jobs, gone...  We are now a country of service industry jobs, buying our goods from China and others... Shameful!  All so the rich can increase their profits...  Wonderful

"In August 2007, when I went on CNBC's "Street Signs" and screamed, "They know nothing," my now famous rant (watch on ) about how the Federal Reserve was way behind the curve on the coming housing crisis, I had one goal in mind: to get the Fed to cut interest rates and to cut them fast."

You have to imagine who was above the glass ceiling then, and how influential they were. In 2007, the best move to counter the Dubya vehicle from running us into the ditch was-- to RAISE the bank rate and close the borrowing window, at least temporarily. Wiping out too big banks was the target. There would be prosperity today, no import platforms left and a whole lot of smaller enterprises guiding us to stability. It didn't happen then for the same reason it isn't happening now-- alumni and social network influence. Never in a million years did I think we would be stupid enough to let banks and bum-borrowers off the hook. A 5-5-5 program (5 years term and amortization at 5% APR) on a segment of owed debt, repeated until fully settled, would have kept all things afloat while Kool Aid addicts suredly learned their lesson about keeping up with the Joneses, buying lipsticked pigs and thinking that a college degree in business gave anyone 1% ability IN business. To make matters worse... we had concurrent doofus Congress, first as Pelosi tried to rig it so girls took over America (84% male unemployment in 2008) and then the Party of NO (I pledge allegience to the GOP). We cannot fix banks, the Federal Reserve or Wall Street without closing them, reconciling and opening with firm regulatory and supervisory control that isn't there because they have an Ivy League, Big Ten or Wealthmonger degree or connection. If you don't have tread marks from being where the rubber meets the road and got run over a few times before learning survival wisdom... we don't want you anywhere near money. Look up Henry VIII of England, Jim. Bad banks, dismal economy, wildly rampant socio-psychopathic corruption. He fixed the borrowing rate at 12% regardless of who you were or what you wanted credit to do. It fixed English banking, economics and enterprise spurring a 264-year dynamic society. No one ever said it was easy, but most GREAT solutions are simple. We ought to try it.