Who will get credit for solving the crisis? Obama or Bush?
 

Bush was there when it started. Not sure I can honestly blame him for starting it. He started to try and turn it with some of his stuff. Obama kept the course and added some twists. So who do you think history will credit?

solved .... ?


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I think most people would agree we are on the upswing.

http://www.usdebtclock.org/

Upswing?

Credit? They should be locked up.

so you are surprised that tons of money was thrown at the economy to solve the issue? This is news to you now?

Printing trillions of dollars in an effort to cure unsustainable spending is like using a bandaid to cure skin cancer.

So you disagree with what most of the industrialized world did?

They say part of the financial crisis is that the people have no money to spend.

Hrmm.. take that waht 6 Trillion they have given to the larger corps, divide it between the 300million people and every person in the US gets what?? about 25k?? Imagine a family of 4.

Issue solved

Neither one. Nothing has been solved. If anything we they set us up for a more trouble in the near future, mark my words. Your "most" people are who? Just because wall street is getting back to its game doesn't mean anything. I think these people you refer to are to short sighted to see the bigger picture.

People are still losing jobs and the number of unemployed continues to grow.

People are still losing their homes.

Banks aren't lending any of that money they got in the bail out, as a matter of fact some of them simply just closed doors. Last I check 130 banks failed and closed their doors in 2009 and others were consumed by other banks. The ONLY reason we didn't fall into another depression is because of the number of banks we have. The more their numbers decrease the greater risk we have of a real disaster like the Great Depression. Especially since the dollar is weak, foreign governments want to stop trading in the US dollar.

I don't see a crisis having been averted. I see only the passing first wave of the tsunami that is coming.

:2 cents:

it's hard for people to *see out of* any current crisis they are in.

the gas crisis of the early 1970s, the recession in the 1980s, the s&l crisis, the great depression, world war II, world war 1, the depression of 1920, the panic of 1873/the long depression, et al, etc etc, on&on.

people involved in each and every one them thought it was the end.

yet each of those periods were followed by recovery, just as this one will be.

does that mean this one is the last one? of course not. does that mean we are not spending beyond our means using an unsustainable system? of course not.

but people are myopic when they are mired in a crisis.