Who's responisble for the recession in the US?
 

People who voted Bush into the white house. People who voted for him twice, your shame should be doubled. Fucking idiots. :2 cents:

well doubtful he was ever voted in.

they took power and then took about 4 trillion dollars

gangsta

How many American companies could have been bailed out if Iraq had never been invaded? How come I never hear anyone asking themselves that question?

Almost everyone l speak to in the USA claims they didnt vote for Bush but they must have !.

The Banks are a large part of the problem

Thank god we've had a good congress.... LOL HAHAHAHA

Capitalism gone wild has caused most of it. People are starting to realize you can manufacture money. The hedge funds did, all these derivatives, the oil traders (a few adult companies :). They all created phony money and sucked it out of the system and left it empty.

They're probably ashamed :2 cents:

Bingo!

Check out the book

The Creature from Jekyll Island: A Second Look at the Federal Reserve
By: G. Edward Griffin

Very detailed explanations how it all works and why failures happen.
Seeing everything happening now and reading the book is a trip, sections of the book written years ago are like play-by-play reports of todays happenings.

Those who affiliate who do pre-check xsales are partly responsible.

the tubes

+1.........

I voted for him twice. Gore & Kerry... lol

Americans don?t really have recession; they just buy a $200 fridge instead of a $500. In Europe however it?s a slightly different story.

:1orglaugh

Capitalism!!

Not just one factor is responsible. There are many factors why we are in a recession. To name a few - Oil speculators expecting oil to reach such in such a barrel, home builders building houses the average joe can't afford, banks loaning money to people that obviously could not pay it back. Just to name a few.

Gary

blood-drinking reptilian humanoids from the star system Alpha Draconis

LMFAO!!!!!!! Sooooo true because we're whoring ourselves for crap traffic, training surfers to never pay for anything and destroying the value of our online product.... need I say more?

Back to the topic though.... the economy can only blame itself... due to greed in ALL sectors, mainly bad home loans in the housing market where banks, mortgage firms, brokers, etc... literally gave homes away to those who couldn't even pay off their Macy's cards just to get the mortgage sale.

Think about it, $0 down for a $500,000 home (doesn't seem too smart, does it? LOL).... when it forecloses, that's one big nut for a bank to have locked up in depreciating assets, with no incoming liquid to do anything. Now take that one big nut and multiply it by millions of homes. Wala, we just froze our cash flow, literally.

I've been taking advantage of it though buying up some really nice dirt cheap condos to flip them into good profits. People migrate from homes to condos/apt units during times of recession.... hence one way of creating profit from hard times.

Many people get rich during these times. Think smart. ;)


Peace
Ben

Banking greed and Congressional stupidity.

One word covers it all..........
 

Can really blame Iraq, as that has literally created thousands of jobs, and made BILLIONS of the US.