NJ5 on 02 July 2009
| midwinter said: Didn't Obama promise us he was going to fix this if he was elected? I think his program to bump our taxes and national debt through the roof should fix all of this. Don't worry - we will all be ok.... |
Obama is doing about the same things as Japan tried to fix their banks (i.e. shifting bad debt from banks to the government instead of defaulting on it or paying it down).
It didn't work for Japan and it probably won't work for USA either.
Read this article if you want to know more:
http://www.nytimes.com/2009/02/12/business/worldbusiness/12iht-yen.html
My Mario Kart Wii friend code: 2707-1866-0957
