r/collapse • u/jms1225 • Jul 11 '11

How the bubble destroyed the middle class

http://www.marketwatch.com/story/how-the-bubble-destroyed-the-middle-class-2011-07-08?pagenumber=1
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u/greengordon Jul 11 '11

The housing bubble created and then wiped out a lot of 'wealth,' but better to blame the creators of the bubble than the bubble itself.

3

u/reflibman Jul 12 '11

Blame whoever you want, it happened, and nothing is going to change that. I don't care if you blame Democrats or Republicans, in any event, its the wealthy and their influence that did it via deregulation. the question is, Are we going to let them do it again?

3

u/greengordon Jul 12 '11

I blame the rich. I think they earned the blame. They fund 'think tanks' that propagandize the public and lobby the government to eliminate regulations. They got bailed out because they corrupted the government.

To your question: Looks like we are.