Word: blamed
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...people to blame for the financial crisis
...through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that number was less than 1%. (See TIME's top 25 people to blame for the financial crisis...
...cannot just hunker down, cross our fingers, hysterically pinch our pennies, wait for the crises to pass, blame the bankers and then go back to business as usual. All that conventional wisdom about 2008 being a "change" year? We had no idea. Recently Rush Limbaugh appeared on Sean Hannity's Fox News show, panicking not so much about the economy but about how the political winds are blowing as a result. If we finally manage to achieve something like universal health care, Limbaugh warned, it would mean "the end of America as we know it." He's right, but that...
...deficit would still be 80% or 90% of what it would be otherwise with his investment." In other words, since Washington is going to rack up massive deficits, it may as well go all in and get some long-term bang for its buck. (See 25 people to blame for the financial crisis...
...people to blame for the financial crisis...