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Under Bush everything was made so Americans will go deep in debt. Mortgages were distributed to dead beats with no supervision, Credit cards companies got a green light to go ahead and screw people, the fiscal policy added to it, Americans were encouraged to shop till they dropped (a patriotic duty), etc, etc....
The result is that in 8 years of Bush the economy grew mostly by borrowing tons of money. Debts basically doubled at all levels of the economy: households, companies, and government. The overall debt grew much faster than it does now, even with Obama huge deficit, and this eventually caused the current crisis. Of course the money was loaned by people who are the opposite of Americans: they have the humility and discipline to not spend even though they are much poorer. And their government has the discipline not to encourage short term spending spree (unlike Bush). They are stupid however to invest in America. They have probably already lost more money than they gained through interests because of currency appreciation and they will probably lose a lot more. You can count on Americans to lose their money. Rating :
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How is it distributed now?
It's kind of like Star Wa...
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nudeprimate... |
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3-Nov-09 10:38 am | ||
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Socialists confuse spreading the wealth with fairn...
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infactidokn... |
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3-Nov-09 10:55 am | ||
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Those who work hard and succeed are not rewar...
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seeburgc | (1 Rating) | 3-Nov-09 10:57 am | ||
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Socialists confuse spreading the wealth with ...
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dsbman2004 | (1 Rating) | 3-Nov-09 11:01 am | ||
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Do you think you are Obama handing out a...
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infactidokn... | (2 Ratings) | 3-Nov-09 11:23 am | ||
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>Do you think you are Obama handing...
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dsbman2004 | (2 Ratings) | 3-Nov-09 02:56 pm | ||
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ever hear of Cuba????
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simms7292 | Rate it | 4-Nov-09 08:39 am | ||
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Name 3 countries where this system preva...
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nudechimpag... | Rate it | 3-Nov-09 11:30 am | ||
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>Socialism & Communism failed and f...
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dsbman2004 | (1 Rating) | 3-Nov-09 02:57 pm | ||
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Socialism killed the USSR.... idiot....a...
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simms7292 | (1 Rating) | 4-Nov-09 08:38 am | ||
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Step in front of the train Obama.
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yohoho_anda... | Rate it | 4-Nov-09 08:47 am | ||
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where are the jobs Obama?
This socialist experi...
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yohoho_anda... | (1 Rating) | 3-Nov-09 03:51 pm | ||
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This makes it real clear.
...
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mwhites2006 | (1 Rating) | 3-Nov-09 09:50 pm | ||
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This socialist experiment is not working? hah...
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dalealan200... | Rate it | 4-Nov-09 09:41 am | ||
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This socialist experiment is not working...
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dalealan200... | Rate it | 4-Nov-09 09:45 am | ||
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The only redistribution I see happening is the Bus...
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nazyoyo | (2 Ratings) | 4-Nov-09 10:00 pm | ||
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Well, in the last several decades we've exported l...
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nazyoyo | (1 Rating) | 4-Nov-09 10:03 pm | ||
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The exact opposite happened. The poor in Chin...
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libidiotsar... | Rate it | 5-Nov-09 10:57 am | ||
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let's compare china and the us... socialist v...
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libidiotsar... | Rate it | 5-Nov-09 11:10 am | ||
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Re: Redistributing the Wealth...
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nazyoyo | Not rated | 5-Nov-09 11:51 am | ||
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Hmmmmmm China's poverty or a chance of l...
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nazyoyo | Rate it | 5-Nov-09 11:59 am | ||
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the disciplined savers will get ric...
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mesadreams_... | (2 Ratings) | 5-Nov-09 12:07 pm | ||
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At the current pace, China wil...
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yohoho_anda... | (1 Rating) | 5-Nov-09 12:12 pm | ||
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Britain fell from superpo...
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mesadreams_... | Rate it | 5-Nov-09 12:43 pm | ||
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Obama the bastard do...
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yohoho_anda... | Rate it | 6-Nov-09 11:01 am |
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