It's lack of demand. You need to stop listening to pundits and start listening to economists. Demand will only rise substantially when the housing market bottoms out and recovers.
End of Smoothseas's quote
I am an economist. There is no "robust" demand, but there is demand. The housing market will not recover for years, but yes, one thing that will help is when it bottoms out. But it still is those pesky regulations.
Everything they say is perfectly crafted to appeal to who they think they can get to vote for them. So if you think they are actually addressing the issues honestly you are Ignorant. And if they think they are presenting the issue honestly then they are the ignorant ones.
End of Smoothseas's quote
Ok, now we are rending bugs bunny. That is all politicians ever do! If you are expecting some sort of magical plan, then the closest thing you are going to find is Cain's plan. He is not a politician, so speaks the truth more often than not. They are exactly appealing to the masses. The more specific they get, the more they will be hammered. But all have at least given lip service to the core of the problem.
Unfortunately most of the candidates address the issue dishonestly. Mostly what I've seen is them wanting to dismantle oversight.
End of Smoothseas's quote
just a question - how long have you been working? For me, the answer is a long time so I have seen good bosses and terrible ones. The bad ones always have one thing in common - micromanaging. They are not talking about removing ALL oversight, just freeing business from micromanagement. And that is basically doing away with a lot of regulations that accomplish nothing, except to stifle businesses from functioning. Democrats are trying to make life into a rubber room - completely safe. That is impossible. Spending $1 to save a thousand lives is a good thing. Spending a billion dollars to possibly save one life is not. There is a saying in my field. Nothing is fool proof because fools are so damn ingenious. And the corollary - genius is limited, but stupidity is limitless. There is no way to save every fool from harming themselves, even if money was limitless.
I would say their pirating of technology is unfair
End of Smoothseas's quote
Ok, you got me on that. Yes, that is clearly "unfair", but even more so, it is illegal. And yes they are doing that. But that is more for their own people as none of the can be sold over seas.
Then name a single financial crisis worse than this one that took months to recover from?
End of Smoothseas's quote
S&L - Late 80s.