quote:
Originally posted by CookieRevised
You're forgetting that it is/was a world wide (bank) crisis. The dollar would be worth far less and far more companies would have been bankrupt, etc etc if Obama (or anyone in his position) did what he does. The reason why it became like that and that your country is now in great debt in the first place (like so many other countries) isn't Obama's fault either but rather bad policy from the previous president(s)/governement/world economy leaders. Be glad that the dollar is only 30% less worth after a year instead of 70% or whatever and that you're not in such a nation wide crisis like it happened sometimes in the past because it easly went that way for a while.
Ug. Here I go getting off topic.
Bank crisis's no longer
just happen, they are scientifically created (Like many in the past), for reasons I won't get into. Our system was built so that if/when someone screws up, they liquidate their assets & the market will even out and correct itself. The dollar is not worth 30% less because of the banks, its worth less because of the 10 trillion dollars the FED printed within the past year, part of which was for Obama's purposed bailouts. Obama personally knows nothing about economics and he's making horrible economic decisions by listening to czars & peers that have deep hatred for free market economics & true honest capitalism.
I do agree though, even before 2008/Obama, America was far too deep in debt from horrific policies & unprecedent spending. USA's yearly budget increased over 40% since 1996. Between the FED being unchecked & untouchable, government meddling policies & regulations causing huge blowback & the core foundation of America being dehumanized & desensitized, we won't last long if we stay on this road.
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