ishiki on 28 September 2012
The economy has to crash before it can be fixed. They shouldn't have lifted the debt ceiling. Now it's only going to crash harder. Bad Spending by Bush and Obama has to lead to consequences, there is no magical fixes. But politicians are trying to get re-elected so the right thing won't be done.
Bush screwed up a balanced budget... and then obama inherited a mess, and made it mostly worse.
Protectionism, has consequences, the prices of almost everything will go up immediatly, while the transition will take a while. Ideally I think globalization where it's not the US economy but a world economy is the effecient way to run the human race. However humans like to screw things up.
But that's okay. The world will go on.
