Has american capitalism failed?

Its not my fault because i dont really care that much about honest illegal immigrants. It is the ungrateful legal ones who suck. *hint*

 

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Regardless of them being grateful or not, they are only here because your government is tolerant of them.
If you have a problem with that, take it on your government. Don't expect the rest of the world to help your fix your fuck-ups.

 

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and the poor little rich girls who walk over the bodies of the poor in their countries to buy a new purse and then point the fingers at everyone else. that is if they dont spit on them first.

 

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oh so now the U.S is f'd up for taking in the worlds poor. you really are something. But that is what happens to people born with silver spoons in their mouths.

 

All I say is that you have a law, it is up to you to enforce it or not.

 

I cant even decipher what that is supposed to mean.

 

and it is not MY law. MY law would be much, much different.

 

you as a country and a government

 

The rampant malinvestment, whether at the individual or the corporate level, didn't occur naturally, independent of government intervention. It occurred as a natural result of the Federal Reserve's policies of artificially low interest rates and easy credit, policies which had long reaching effects trickling from the top down. It's like handing a $50k credit card to a freshman college student who's never worked a day in his life. Will he be responsible with it? It's possible. But chances are he's going to blow it, get up to the neck in debt and end up with a lousy credit rating while paying off his debt for years and years, enduring a temporary short spurt of increased quality of life followed by a longer era of decreased prosperity. That's exactly what's happening here.

Had the government restrained itself to begin with and not interfered, and let interest rates be decided by the market, then we wouldn't be in this mess.