what a ignorant coment typical of what has ran the country to where we are today .bush never did anything to save jobs but he sure as hell made sure that he broke people when they went to the pumps.
The above statement makes it quite clear that you are completely ignorant regarding basic economic principles. Explain for us allhow the president manipulates the world oil prices?
he never did anything to stop deregulations no its not all his fault it takes many to do it, but for the last 8 years he just ignored it ,im not trying to get in a words of whit with someone that evidently knows it all .all im saying is we have to make the best of what we got, like it or not
Government
regulation is what got us into this banking mess in the first place and the Civilian Reconstruction ACT (under Clinton) allowed the GSEs (Fannie and Freddy)to withhold only 2.5% capital vs 10% for private banking companies. This created very cheap capital (and high risk capital)for morgages and that created the housing bubble. With only 2.5% capital on hand the inherent risk was raised by over 400%. You blame Bush but the Bush administration sent a letter to congress nearly four years ago urging that Fannie and Freddie be required to meet higher banking standards or a failure was likely. Now I am sure you will remain in denial of thisso I have attached a link with actual House Testimony with Republicans (the ones being blamed) demanding stricter practices be enforced on Fannie and Freddie and Democrates saying nothing is wrong. Keep in mind that this was 2004 and this mess could have been avoided if the Dems had not blocked it. Spend 5 minutes watching this and it will be clear to any thinking person that the Dems are to blame!
http://www.youtube.com/watch?v=_MGT_cSi7Rs
i guess the people that work at GM -Chrisler-and ford are supose to just say well we just spent to much .
Thelabor cost atGM, Chysler, and Fordis $74.00 per hourfor basicassembly work. The competition including Honda and Toyota are onlypaying $42.00 per hour. Growing up in Pittsburgh I witnessed the same situation with the domestic steel companies. I remember one of my friends telling me he was harrased for working to fast. One of the union stewarts told him "This mill was was here before you where born, and it will be here when you die. So why are you in such a hurry boy" Needless to say thesteel millis now long out business and no taxpayer bailout was initiated. Until their wage costs go down the domestic automakers are doomed to bankrupcy.