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Blaming Bush or any one President for the economic collapse is proof you don't understand the real world. 2008 collapse was going to happen and was predicted for many years before it happened. I am amazed it was held off until 2008. Policies from government for many decades, have caused it.
Then tell me why the Bush team held back the broker rules for 8 years?
It wasn't holding back "the rules" that broke the economy. In 2001, we should have collapsed. We were coming off the dot com bubble, the housing bubble look like it was coming to an end. At that time most government, businesses and individuals were maxed out on credit. Yet, we revived the housing bubble, based on selling derivatives. Have you thought, without the buying of derivatives, the end would have been 2001, giving terrorist a huge ego boost.
Right or wrong, left or right, the economy and the excessive expansion had to stop. Just as this economy gets rolling, it isn't getting done the right way. There has to be a way for government to save, taxes and spending cuts need to be handed out. Businesses and individuals are saving and not spending, why, they learned the lesson. Time for government to also, it will be slow but it will be real. Unlike the last several decades.
Bush caused this on purpose just like he LIED us into war on purpose.
stop supporting the very people who want to keep you down
Worthless to anyone, when there is doubt about whether the bond issuer can pay the interest and principle, then the bonds will not be bought.
Bush was wrong, Obama is wrong. Grow up, its not a partisan discussion, its an economic discussion.
Question for you: Would the coutry be better or worse off if it did not have 16 trillion in debt?
Again.."anyone" isn't an answer.
And most of the US bonds sell at a very brisk pace. That's even with the S&P downgrade. Why? Because the US economy is the largest, most robust, trusted, innovative and valuable economies in the world. Many of the world's currencies peg against the dollar.
Would the country be better off without the 16 trillion dollar debt? Sure..but it's a debt we can still manage..and manage way into the future. And actually having NO DEBT is worse.
As is this headlong blind rush into austerity.
tell me how having no debt is worse than having a large debt. This should be interesting
the bankss are NOT stupid.
they would NOT have written so many sub prime if they had to keep them in their books to futition.
They rolled them into securities and then LIED to the buyers about the content of the securities.
Dont you people read the news?
and in your small mind that action is totally responsible for our current fiscal mess?
How did they get brokers to sell sub prime contaminated securities as triple A?
No broker would have done that for FEAR of losing their liescense and in turn their job and
carreer.
The Bush SEC fixed that little hurdle for the banks
OK OK, Bush screwed up. Obama has screwed up more. Can we move on?
Bush caused this on purpose just like he LIED us into war on purpose.
stop supporting the very people who want to keep you down
Hello?
Afghanistan was a NATO operation sanctioned by the UN.
Iraq. Well I always figured so many countries signed onto that because the last thing on the planet even countries in the ME didn't want was Saddam's sons getting into power.
Sort of Iraqi versions of Adam Lanza with bigger guns.
My PM at the time, Chretien didn't go for it because his son in law was reportedly involved in the oil for food scandal.
Politics and relatives.
Can you imagine if Mayor Doomberg was the caption of the ship? with his long list of rules? No more than 3 poop/urine bags per passenger and only one onion sandwich, and no more than one 8 0z plastic cup PER DAY !!!
a lot of us grew up in the 50's/60s/70s where we had to work hard to save up a few thousand to buy a home. look at what happened after Pelosi became speaker. No Money?, No Down Payment? Work part-time or on welfare? NO PROBLEM !!! here, take the 200,000 and buy a brand new home, isn't that wonderful, and you didn't even have to work for it !
a lot of us grew up in the 50's/60s/70s where we had to work hard to save up a few thousand to buy a home. look at what happened after Pelosi became speaker. No Money?, No Down Payment? Work part-time or on welfare? NO PROBLEM !!! here, take the 200,000 and buy a brand new home, isn't that wonderful, and you didn't even have to work for it !
