Comments by "Henry TheGreatAmerican" (@henrythegreatamerican8136) on "The 2008 Financial Crisis - 5 Minute History Lesson" video.

  1. See, that's the problem. Government is not there for "the people." It never was and never will be. It's always been there for the elites way back when the first real governments started forming during the agricultural revolution to protect the landowners. The mortgage crisis of 2008 was nothing more than a sophisticated asset bubble that burst. Just like the stock market today. It's gonna burst and average folks invested in 401ks will be the ones left holding the bag. And if the republicans had their way and turned social security over to wall street, we'd all be left holding the bag. The more money we give these guys the more asset bubbles they create. Instead of creating wonderful paying jobs, they use that money to buy up assets we depend on for day to day life. And through manipulation, it ends up costing a ton more for everything (healthcare, school loans, housing, etc...). Look at the recent drug pricing manipulation as a small example of what's happening throughout the economic system. It's a system where almost everyone including government ends up in debt to afford basic living expenses. It's unsustainable. Simply raising wages is not the answer. We need to stop these banker crooks from manipulating asset prices. That's why we need to elect Elizabeth Warren or Bernie Sanders. They are the only ones discussing this whereas republicans want to "free the market" even more LOL. And I'm gonna be frank here.... if Joe Biden is the democratic nominee, I recommend everyone vote for TRUMP. And the only reason I'm saying this is if TRUMP wins it will help the crash come sooner. I'd rather suffer through a quick but seriously painful economic collapse than prolong the agony for another generation of young folks.
    43
  2. Booming for who? The wealth gap is the widest it's ever been. Healthcare is still unaffordable and the biggest reason for personal bankruptcies. Young people are in massive debt from school loans and can't afford to live on their own because of high rents and other costs relative to wages. The jobs being created are NOT paying enough. The under-employment statistics back this up. The real underemployment is well over 15% if you count not only the unemployed, but people working part-time and those working low paying jobs. Stop judging an economy based on stock prices, GDP and CPI. None of those show the well-being of average folks, and most of those numbers are fudged (especially the CPI). Look at this short 2 minute video of John F Kennedy discussing this. It fits perfectly for our times. https://www.youtube.com/watch?v=77IdKFqXbUY&t=69s
    12