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Our economy is the peoples fault, not Bush

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christopher1292 On December 13, 2009

Deleted



, Connecticut
#1New Post! May 12, 2008 @ 19:35:14
The problem with our economey is mainly the fault of the people of the U.S. Buying EVERYTHING they see, spending $60,000 on a car? Please!! People buy a tv with no money down for a year and no interst for 4 years. They pay the minimum for those four years then get hit with extremely high interest and puts them into debt. A tv is just an example. The same can be done with houses, cars, everything. With a mortgage, the bank will try to make you believe that you can pay $1,000 a month, "oh look, you make $15,000 a month!" Well, that's before taxes and food and water and gas and other expenses such as taxes. Truth be told, people can't afford to spend an additional $1,000 a month for 25 years. Face it, the problem with our economy is the fault 95% of the American people. I love this country, but some people *cough* liberals *cough* are limiting our potentials. That is all, thanks for reading.
imkindofabigdeal On November 09, 2010




, Michigan
#2New Post! May 12, 2008 @ 19:39:00
But doesn't investment of capital help the economy? If no one bought anything we wouldn't have an economy. Isn't that the point of capitalism? That was a serious question too, I'm not being snarky.
iliterate_enginere On February 12, 2010

Deleted



Wichita, Kansas
#3New Post! May 12, 2008 @ 20:08:24
@christopher1292 Said
The problem with our economey is mainly the fault of the people of the U.S. Buying EVERYTHING they see, spending $60,000 on a car? Please!! People buy a tv with no money down for a year and no interst for 4 years. They pay the minimum for those four years then get hit with extremely high interest and puts them into debt. A tv is just an example. The same can be done with houses, cars, everything. With a mortgage, the bank will try to make you believe that you can pay $1,000 a month, "oh look, you make $15,000 a month!" Well, that's before taxes and food and water and gas and other expenses such as taxes. Truth be told, people can't afford to spend an additional $1,000 a month for 25 years. Face it, the problem with our economy is the fault 95% of the American people. I love this country, but some people *cough* liberals *cough* are limiting our potentials. That is all, thanks for reading.


I think you mean spending money on IMPORTED products. Spending more on American things would help us. I think that one of the main reasons for our economy going down is companies moving out of the US to have cheaper labor and taxes.
familygirl On September 30, 2009




Angleton,
#4New Post! May 13, 2008 @ 18:05:39
@imkindofabigdeal Said
But doesn't investment of capital help the economy? If no one bought anything we wouldn't have an economy. Isn't that the point of capitalism? That was a serious question too, I'm not being snarky.


Yeah but financing things you can't afford and then get repossessed isn't helping, its driving up costs, That will cause the next person to pay more, and on it goes.
christopher1292 On December 13, 2009

Deleted



, Connecticut
#5New Post! May 13, 2008 @ 19:44:19
Buy American!!! And, buy what you can AFFORD!!!
familygirl On September 30, 2009




Angleton,
#6New Post! May 13, 2008 @ 20:14:22
@christopher1292 Said
Buy American!!! And, buy what you can AFFORD!!!


Kutos to that!! But at time goes on it is getting harder and harder to buy american. It pisses me off.
christopher1292 On December 13, 2009

Deleted



, Connecticut
#7New Post! May 13, 2008 @ 21:37:10
@familygirl Said
Kutos to that!! But at time goes on it is getting harder and harder to buy american. It pisses me off.


Unfortunatly, the quality of some American items has declined, while other American products are still on top. Such as Leatherman Multi-tools!!
dickbell On December 17, 2008

Deleted



West Hayward, California
#8New Post! May 13, 2008 @ 21:40:23
@iliterate_enginere Said
I think you mean spending money on IMPORTED products. Spending more on American things would help us. I think that one of the main reasons for our economy going down is companies moving out of the US to have cheaper labor and taxes.


No, he means spending money they don't have, loans are debt, america is in debt, 2+2=.....
transdurmal On February 24, 2009




Tallahassee, Florida
#9New Post! May 14, 2008 @ 00:00:05
@christopher1292 Said
The problem with our economey is mainly the fault of the people of the U.S. Buying EVERYTHING they see, spending $60,000 on a car? Please!! People buy a tv with no money down for a year and no interst for 4 years. They pay the minimum for those four years then get hit with extremely high interest and puts them into debt. A tv is just an example. The same can be done with houses, cars, everything. With a mortgage, the bank will try to make you believe that you can pay $1,000 a month, "oh look, you make $15,000 a month!" Well, that's before taxes and food and water and gas and other expenses such as taxes. Truth be told, people can't afford to spend an additional $1,000 a month for 25 years. Face it, the problem with our economy is the fault 95% of the American people. I love this country, but some people *cough* liberals *cough* are limiting our potentials. That is all, thanks for reading.


This bit:
Quote:
I love this country, but some people *cough* liberals *cough* are limiting our potentials
proves what a moron you are and negates your entire argument
raditz8526 On July 02, 2009

Deleted



, Minnesota
#10New Post! May 14, 2008 @ 01:51:26
@transdurmal Said
proves what a moron you are and negates your entire argument


No, that comment proves what a visionary he IS!
diomedes On March 22, 2013




Long Beach, California
#11New Post! May 14, 2008 @ 02:19:45
I think this is partially the government and Bush's fault as well... I mean think about it, had the government not spent so much money on wasteful programs the economy would be better off and had Bush not invaded Iraq we wouldn't spend so much to upkeep the troops.
fluffypenguins On May 29, 2008




, United Kingdom
#12New Post! May 14, 2008 @ 07:59:57
is this argument just about America, or can we join in.
We have the same over here, debt is getting worse, most companies thet were british have been bought out, it did start with american companies. but there has been a big shift, Its now the up coming rich countries.
i.e china. we all wanted cheap goods and newer technology we did not think and now china is becoming the new super power. They want what our countries have enjoyed the last 40 years.
If it is not slowed down, our countries will end up as third world countries.
nothinsnew On September 15, 2009

Deleted



The Coast, Australia
#13New Post! May 14, 2008 @ 08:26:05
Ok so the so-called liberals are the ones racking up household debt? Thats so obviously biased that I would have to agree that it really does negate your entire point.

However.... lets start at the start... How is it that these people that cant afford these things are allowed by law to get loans to buy these things? Because your government lets lending institutions give them the loans. There should be laws that stop predatory loans.

Also, I found out the other day ... your government never runs a budget surplus! Wtf? As a country you're always in debt! That means when things like the sub-prime thing happen its harder for you to limit the damage.

Plus you borrow billions off other countries so you can fight wars.

Honestly, I think it's irresponsible economics and you only have yourselves to blame for voting in reckless people like GWB.

Because of the above things you guys will no longer be the worlds greatest economy.

Blaming "liberals" wont help either.

https://www.abc.net.au/lateline/content/2007/s2236161.htm
El_Tino On August 10, 2020
booyaka!





Albuquerque, New Mexico
#14New Post! May 14, 2008 @ 08:29:59
Actually, the "borrow and spend" policy of conservatives is far more damaging than "tax and spend" policies of liberals.

https://www.chrismartenson.com/crashcourse
nothinsnew On September 15, 2009

Deleted



The Coast, Australia
#15New Post! May 14, 2008 @ 10:58:20
"Face it, the problem with our economy is the fault 95% of the American people. I love this country, but some people *cough* liberals *cough* are limiting our potentials."

So 95% of people in America are liberals? Yeah you guys seriously should be doing much better than you are!
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