Question by Mr. Bojangles: If Al-Qaida’s plan to “bleed the US into bankruptcy” succeeds and US sinks into depression, can Bush?
and Greenspan be considered co-conspirators?
Bush cut tax rates while signing off on drunken sailor spending bills ballooning the federal deficit.
Greenspan recklessly lowered interest rates to make the cost of borrowing money artificially low, encouraging reckless predatory lending behavior and fostering the speculative housing bubble.
There’s also some evidence that the Fed has recklessly increased the money supply, devaluing the bejesus out of the dollar.
So aren’t Bush and Greenspan essentially co-conspirators-in-fact with Al-Qaida in the trashing of the US economy?
Best answer:
Answer by irishinvenice
It is like Bin Laden is Bush’s boss. Bush keeps up the recruitment drive (of Jihadists), why Bush dumps more cash in to weapons programs while 1000s of people go without food in the worlds more powerful country.
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Question by cantcu: “The Bush administration is looking at “orderly” bankruptcy!” (Yahoo) Think it will help? I mean really?
from Yahoo
The Bush administration is looking at “orderly” bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry!
So we will ail them out of business because the Southern Senators work for Nissan and Toyota. The South are Right to Work (for less) states who want to put the UAW out of business, which accounts for a lousy 10% of the cost! What they don’t seem top understand is if one of the big 3 go under, most of the parts makers go under, and they supply ALL the automakers. Moreover, I guess in a major war we can have China make our tanks? I am sorry, but not a penny for workers, all for the rich, with Main Street as an excuse for stealing from the poor! Is this a way out? Do you really think it is? Well, I guess we will find out when another 3 Million hit the unemployment lines and that Republican Senator from Tennessee watches all the foreign plants begin to close for lack of parts! Maybe someone will wise up and vote for someone else! Not someone who is willing to risk our entire economy!
Best answer:
Answer by steve k
it will make all the difference in the world …maybe even make them self- reliant .. they will save billions of dollars a year that they wont have to pay the greedy unions ..just like Chrysler and Ford taking a month off and still having to pay full salaries.. let people draw unemployment like most Americans do ..sure it comes out the Americans pockets but no where as expensive as full salaries and the employees will make more without union dies
would you rather them bankrupt or go out of business… you do know that with bankruptcy they wont miss a day of work
What do you think? Answer below!
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Question by nasty s: Do you agree? “Don’t worry about all the bad economic news americans, its now harder to file bankruptcy?”
“and the cost of your health care is unaffordable, gas prices are going higher, and your job may be outsourced to india.
and if you foolishly bought a house ..a house whose price was inflated due to a housing bubble, well, you should have been more fiscally responsible..like our government. And if you were making ends meet by charging up those credit cards like so many americans……not a bright move !!”
Anyone agree?
Best answer:
Answer by victory is stewies
if bankruptcy was the end-around all responsibility..I am glad
when I started hearing of people burning credit cards in on-line poker sites..I knew this day was coming and paid all of my discretionary debt off a few years ago
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