Our economy is the peoples fault, not Bush

@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.

@raditz8526 Said
In business money is success. What else would be?

@buffalobill90 Said
Oh, human happiness or something stupid like that. Yeah, right.

@raditz8526 Said
Happiness does [not?] pay the bills.

@buffalobill90 Said
But if business is aimed at making money above all other aims, then we must assume that the moral responsibility set before humanity is to accumulate wealth. Is that why we live? Isn't money just a means to an end, not an end in itself?

Businesses are essential in modern society, no one can argue about that. But they need to be regulated more efficiently or they end up getting carried away with the whole profit thing. In the UK, energy prices are rising because the main contenders for the energy-consumer market have basically teamed up to avoid a price war. They can raise prices steadily and in unison, so they all make an increasing amount of profit. Then they blame the rise on diminishing oil supplies, when really they're making about 3 million pounds a minute. The companies aren't there to make obscene profits, otherwise no one would be complaining; they are there to provide us with affordable energy, so we can live comfortably.

@raditz8526 Said
What makes you think they are there to provide anyone with "affordable energy." The sole purpose of any business is to generate a profit for it's shareholders, nothing else.

If you want affordable energy, cut the taxes associated with it. In the UK you pay 300% tax on energy. How much do you complain about the government leeching people dry? They are much worse than any business.

@raditz8526 Said
The sole purpose of any business is to generate a profit for it's shareholders, nothing else.

@nothinsnew Said
What planet do you live on?? The ONLY thing business is there for is to make a profit? So, not to provide quality goods and services for consumers?

What a world it would be if you were right!!

@nothinsnew Said
I disagree. What you're saying is that business has no integrity whatsoever.

@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.

@christopher1292 Said
Buy American!!! And, buy what you can AFFORD!!!

@diomedes Said
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.

@nothinsnew Said
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