Of course i expect people to take full responsibility for taking on those loans...but those type of shady loans went down under his watch....and the banks knew what they were doing,...why is it bush went out of his way to bail out that huge bank on wall st?....but it\'s wrong to bail out those that were almost tricked into buying those homes?...i know it\'s impossible to do that, but using just simple logic, if you could spend billions in iraq and save a huge bank why not help those that are suffering with those shady loans?...and what world are you living in?..you\'re acting like the economy is in great shape,..and Obama is going to make it worse?....keep dreaming...
I know there are other factors, but you can\'t tell me that with the u.s. spending 12 million a month for this war isn\'t impacting our economy,... it is...any time have to borrow money from china to fund it,..the u.s. is in seriously bad shape...so i guess according to you(giga) the u.s. can sustain spending 12 million until forever or until the iraqi\'s get their s**t together?....please there are plenty of factors of why the u.s. is struggling,..and the war is a huge part of it...
You are not looking at the big picture. The price of oil is a big reason our economy is hurting now. It isn\'t as bad as you and others would like to portray, but it isn\'t the healthiest either. Unfortunately, no one has a solid solution to get us off of foreign oil. We have oil here, but the tree huggers won\'t let us get it. That Leiberman environmental bill was shit! If that bill would have gone through we would be paying 6 or 7 dollars a gallon for gas because it would have increased the tax on fuel. This is why democrats suck. They want to tax people to death and pump that money into worthless government programs that benefit no one. The Republicans have sort of fallen into this trap and that is why the so many Republicans are fed up with Bush and Congress. This used to be the big difference between the parties.
If you look at Obama\'s plan to tax the hell out of capital gains and other market related stuff, the stock market is going to crash and the economy will follow making this current economy look fantastic. Even Hillary was against his huge tax increases because she knows what will happen.
Sure the banks knew about ARM\'s, but why is it the governments responsibility to protect people from their own stupidity? If Bear Sterns went under, a lot of the other major financial institutions would follow and then everyone would be fucked. The problem that you and some others have clips is your lack of knowledge and vision for the big picture when it comes to the economy. I am no economist, but I do know the basics and Obama\'s current policies will be terrible for our economy, yes it can get worse. Much worse.
This is where I have a HUGE problem with Obama. His economic policies mean more big government, more taxes and more spending on worthless shit.
