Originally Posted by
Havakasha
Can you please post the specific LINK. Thanks
Last I remembered GM and Chrysler were going bankrupt before the Govt helped out.
Wall Street recently played a large part (derivative trading etc) in bringing the world's economies
to their knees. This is the 2nd worst recession in our history. There is a need
for govt involvement, oversight and regulation. Its beyond simplistic to always bash Govt
Some of our greatest Presidents didn't come with business backgrounds nor did their administrations necessarily have large %'s of people who worked in the private business sector. And Vice versa. If you can show the correlations between these statistics you provided and the economies
under the respective administrations I would be much obliged.
GW Bush's administration was up at 55% and helped to create our current economic recession.
He also took us from budget surpluses under Clinton (39%) to very large deficits.
I really dont understand your simplistic logic. Maybe you should write a thesis on this.
You are aware that one of the greatest innovators and businessman of this century, Steve
Jobs was a supporter of President Obama right? I dont think he was someone who
suffered fools gladly, so maybe you should be careful how easily you sling around the
word "incompetent". These are difficult economic times and its not at all clear that anyone
else ( McCain?) could have brought us out of this world wide recession any sooner. In fact
things might have been way worse if his policy prescriptions were applied.
Since you are a follower of Peter Schiff and a believer in the Austrian School of Economics
I would be much more HUMBLE if i was you about discussing the subject of ignorance on
business and fiscal matters. Remember many of Mr. Schiff's predictions over the last 10
years have been way off. It hasn't escaped my notice that you wouldnt take me up on a gentleman's bet on Mr.Schiff's 2011 predictions. lol.