Whose fault is the recession?

November 4, 2009 3:51pm CST
I think there are so many things that contributed to the financial mess (also called recession) we are currently in. My mother-in-law insist it is Gordon Browns fault (English prime minister). An aunt insists it is all the banks fault. And a friend says, it is the fault of overly greedy businesses. Who do you blame?
1 person likes this
2 responses
@amit2506 (233)
• India
4 Nov 09
I believe that it is due to the greedy business man. I don't know what will they do with this much money. They still have enormous amount of money still they cheat us and want to earn more and more
8 Nov 09
It's unfortunately human nature that poeple always want more.
@kykidd (6819)
• United States
4 Nov 09
I myself, prefer not to blame anyone. I think that every few years, sometimes a decade or two a part, the economy just has to hit a decline. I do however, believe that the people could help to turn it around a lot quicker. That is the public and the media included. We need to go out and start spending. That is how we got out of The Great Depression, and that is the only way out of this one. If people who actually have the same jobs, who are making the same amount of money as always, continue to be afraid to go out and spend like they were before, the economy is going to take way too long to turn itself around. My reasoning, there has to be money out there flowing. People making purchases, so that we can have jobs for people to replenish these goods. Also, if people are willing to stick their money into banks at a low percentage rate, then why should the banks start paying higher interest. We need to spend!
8 Nov 09
I actually agree. There are many reasons for why things are as they are and there is a cycle of economy. There are always lows and highs.