bannedagain said:
dsage01 said:
badgenome said:
bannedagain said:
badgenome said:
I don't really see how the first three were particularly detrimental to the economy in the short term, unless you believe that debt and deficits are what caused the recession. The sub-prime crisis seems a far likelier culpri
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WARS ARE EXPENSIVE. YOU HAVE TO RAISE TAXES WHEN YOU GO TO WAR. When you put money back into jobs it makes sense.
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Okay? But what does that have to do with this specific recession? It seems like you're spouting slogans and blaming the recession on things you dislike, which may or may not be bad things but aren't generally thought to have had anything to do with why the economy crashed. The general consensus is that years of easy credit gave us too much debt at all levels of the economy, especially in the housing sector, and it eventually blew up in our faces. If you have an alternate theory, I'm interested to hear it, but please - no more GOERGE BUSH MAED A WAR AND IT WAS SAD AND BAD JOBS NOT BOMBS!!!! stuff.
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Okay the main reason ression happend in 2008 was that the Republican's left U.S.A in charge of the banks. And when China made 2 trillion dollars off of profits in exports they decided to invest it the U.S. banks they gave loans to them and with that money the people bought products and invested in houses and Cars which China was buying back and paying intrest for there own stuff as well. So when they found that out they got really pissed and took there money back and U.S economeny went down like crazy .. read the updated OP for the full information. Wars and other stupid decions made by Republican's (no tax on big corpartions) were quite a big problem as well.
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http://www.youtube.com/watch?v=kP0ygzR3L5w&feature=player_embedded#at=405
watch and learn
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I wish the Republican's actaully listend to the democrats at that point of time. Anyways the reason I listed was THE MAIN REASON why U.S.A had a huge crash in the econemy
