Now for the conspiracy theory;
The Rudd Govt isnt to blame, but both the Bush and Howard governments are culpable. Both encouraged larger business and banks to over extend, largely based on a resources/construction boom that they
knew would slow very quickly.
It did.
Both governments thought they could ride the boom, sneak into the next term, and when the poo hit the fan (as we all saw as early as June last year), blame
'market forces''...
What did they do? Encourage personal spending to almost obscene levels. LCD TVs for everyone! Shiny black SUVs for everyone! McMansions for us all! Buy! Buy! Buy!
Hey, it made so many people feel worthwhile, and was a feelgood 'rub on the tummy' that diverted attention from illegal incursions in other countries, torture, illegal prisons and the pursuit of people that
just dont look like us.. or pray to the same god?!
Sadly, so many sheep fell for it, too blinded by the obsessive desire to accumulate. Controlled by fear, just puppets and mere minions.
But, the banks and business have been bailed out once again, leaving the nouveu riche panicking. The worst part of it is that the poor and those that cant afford another belting will yet again have to pick up the pieces. All to accomodate the excesses of the rich/wannabes.
Born. Consume. Die :|