Is the Republican philosophy of deregulation and tax cutting what caused the economic collapse?
The last 8 years we gave massive tax cuts to the wealthy and deregulated the financial industry causing an economic bubble in the stock market, commodities, housing, etc. Doesn’t it make sense to bring back tax rates to pre-Reagan era and keep regulations in place so that growth is moderate and stable??
And yes, I blame Clinton for a lot of things too….but doesn’t mean you Republicans and your tax cutting/deregulation philosophy get a free pass.
The banks weren’t forced to give out sub-prime loans, they were handing them out like candy! Come on Republicans, don’t try to distort the situation here. The reality is that if the loaning institutions were forced to give out loans to qualified applicants, we wouldn’t be in this mess.. This is an example of where REGULATIONS are GOOD.
I think a lot of people are to blame. However, Clinton left the U.S. in a surplus. republicans, you can look it up if you don’t believe me. Bush drove our national debt to record high with trillions of dollars in debt with China and 10 billion/month to pay for war in Iraq. I do blame republicans more than democrats, and I’m republican but I had to vote for Obama. The tax cuts did not help the economy whatsoever. My republicans blame it on the media even though statistics show the facts.
1. The Sovereign Debt Crisis and Default. PIIGS. Portugal Ireland Italy Greece Spain. Whos Next?
SECURE YOUR WEALTH: http://silversnowball.com/2030
Knowing what will happen in Year 2010. Preparing for yourself for the coming challenging in the world. Find out the solution and Visit http://silversnowball.com/2030 It has been widely published in scientific circles that silver will be the first element from the periodic table to become extinct.
As the value of the dollar declines, the price of silver and gold increases reflecting the loss of purchasing power and trust in the dollar.Goverment funny money will soon become worthless, buy gold & silver or loose everything Please be informed Quick and easy way to purchase silver: http://silversnowball.com/2030The value of gold and SIlVER has not increased. Rather, its price in dollars reflects the decreased purchasing power of those dollars. Now here’s how to take advantage of the dollar collapse to get out of debt, pay off your mortgage and more. I know this may be hard to believe for many, but when the dollar is devalued and a national banking holiday is called to realign banks with the newly devalued dollar, silver will soar! Let me restate that: The cost of SILVER will shoot up and skyrocket to unbelievably high dollar amounts. Visit http://silversnowball.com/2030 to see how you can start getting your own SILVER EAGLE COINS from Silver Snowball below spot price!
http://silversnowball.com/2030
TO GET MORE GREAT INFO:
Subscribe to: http://www.youtube.com/user/gausert123
Duration : 0:10:3
US and Global Economic Collapse Warning
http://www.newamerica-now.blogspot.com
http://www.thewatchmen.fm
Duration : 0:8:26
Why is greece in a debt crisis?
Im trying to finish homework, its late, help me out? Explain this is simple terms.
Also answer theses:
What is the impact of this crisis on America?
What are some arguements about this topic?
thanks
Sorry to answer this question late.
Here is a link to an article in the FT today which will give you the answer about Greece:
http://www.ft.com/cms/s/0/a0574c54-046e-11df-8603-00144feabdc0,dwp_uuid=2b8f1fea-e570-11de-81b4-00144feab49a.html?nclick_check=1
The problems in Greece are slightly different from countries such as the USA and UK in that these countries are suffering from banking/financial institution losses which have precipated a shortage of liquidity worldwide. Greece has been overspending on its public sector and the worries are that it can not now service that debt because of the economic downturn generally and shortage of capital in the global economy -i.e. it can’t borrow any more. So, in many ways Greece is collateral damage in the financial crisis.
If you look at the Ft article-there is comment that Greece has been fudging its figures- so has everyone else. The losses still in the banking mess have still not been fully accounted for (some estimates suggest that only 50% has been acknowledged). So a lot of countries are in an even worse situation but have buried their heads.
Incidentally, there is great fear in the UK that our sovereign debt will be downgraded by the rating agencies – that’s really bad. It’s just slow release of information -that’s all.
How is the current financial crisis affecting the American citizens?
How is the current financial crisis affecting the American citizens?\
Include details please.
Answer much appreciated..
The current financial crisis is affecting the American citizens in many ways. For example, the american citizens are not buying decorative & fancy items now. Because they are concentrating on the basic needs. If you need 50 dollars weekly & if you get around 45 dollars what will you do? The American citizens are doing the same now. Even America has been a big economifallenngth for the world, but now they are not at a position to be as strong enough. Because weakness makes negative on mind. Does not matter it is temporary or long term. So, now American citizens are thinking themself weaker than before.
Do you believe the economic collapse we just experienced is over?
Do you think another worse collapse is imminent. Is the 15million dollar per second interest payout on our loans to China, Saudi Arabia going to sustain forever? Is the frivilous printing of money by Obamonomics going to hold our heads above water for long. Are
you optomistics or are we in trouble?
This is a debt-collapse Depression (aka balance sheet depression). It is caused by too many people spending money they did not have – taking on debt. Epitomized by a government spending money it does not have and its taxpayers do not have.
Depressions unfold in phases and stages. We have only seen the first leg down, and the first bear market rally. We have a long way to go. It will continue deteriorating until the debts are paid off and the balance sheets rebuilt. BO & Company have done exactly the wrong things, and are making matters worse, and prolonging the pain. They have more than doubled the US’s total liabilities from about $54 Trillion to $110-120 Trillion since 1/20/09, just 6+ months ago.
From the 1929 Crash until the stock market returned to its previous record in 1954, it took 25 years. The Depression itself lasted from 1930 until 1946, after the war ended. This is the Greater Depression since there is so much more debt involved.
And those "green shoots" are just some reused piece of Astroturf flung out the window in front of the sheeple in hopes they will "believe" in the "change." But nobody who is paying the slightest bit of attention to what is going on believes these "changes" are of the slightest benefit to anyone but BO’s campaign contributors.