08-30-2010, 03:05 AM
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Too old to care
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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You don't ruin an economy in 8 months. It takes 8 years or longer.
The root of the problem is the huge deficit most of the West has built up. Relying on Banking and Financial services to keep everything going. When that went bust the truth was exposed. The US like many other Western economies imports too much and exports too little.
Is that the fault of 1 administration or many?
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