The downturn of the US economy actually started during the first Bush administration back in 1989-93 when he set up nafta along with gatt which then later Clinton signed into law and continued into the 90´s later Bush jr. signed with china the most favored nation status. further de-industrializing america. unless obama repeals these treaties theres no hope of a economic recovery.
Thank you. think about it. a ¨Republican¨ bush jr. gives the communist chinese favored nation status. at first it doesnt make sense untill you realize that either party republicans and democrats have in the past failed to protect the american peoples interest. theres too many special interest (lobbys) in goverment. politically im neutral having said that imho JFK was americas last real president.
Well, Phil Graham let Casey-Stiengel (or something similar) end, so the financial companies could be banks and stock brokers at the same time - total conflict of interest, that led to stocks of banks being rated artificially high, and so on,,,
True, Glass-Steagall installed a number of very important safeguards on risky loans involving the Communities Reinvestment Act as well as what you correctly pointed out with inter-business commerce on a wholly new level, with obvious visible problems and downsides, they did it for profit. The gop only operates by profit, they could care less about America or Our well being as citizens. Thanks for watching!
doesn't the housing crisis fit in here somewhere?
rachelabombdotcom 2 years ago
Yes, in our video about the housing crisis. bush destroyed that too.
mccainisthrough 2 years ago
The downturn of the US economy actually started during the first Bush administration back in 1989-93 when he set up nafta along with gatt which then later Clinton signed into law and continued into the 90´s later Bush jr. signed with china the most favored nation status. further de-industrializing america. unless obama repeals these treaties theres no hope of a economic recovery.
mac163 2 years ago
@mac163
Great observations, and true. Thanks for watching and commenting too!
mccainisthrough 2 years ago
Thank you. think about it. a ¨Republican¨ bush jr. gives the communist chinese favored nation status. at first it doesnt make sense untill you realize that either party republicans and democrats have in the past failed to protect the american peoples interest. theres too many special interest (lobbys) in goverment. politically im neutral having said that imho JFK was americas last real president.
mac163 2 years ago
@mac163
We also agree with you to a large extent on JFK too. Thanks again!
mccainisthrough 2 years ago
the road to the cesspool is paved with repugnicant lies
KataVideo 2 years ago
Well, Phil Graham let Casey-Stiengel (or something similar) end, so the financial companies could be banks and stock brokers at the same time - total conflict of interest, that led to stocks of banks being rated artificially high, and so on,,,
marcomariaz26 2 years ago
True, Glass-Steagall installed a number of very important safeguards on risky loans involving the Communities Reinvestment Act as well as what you correctly pointed out with inter-business commerce on a wholly new level, with obvious visible problems and downsides, they did it for profit. The gop only operates by profit, they could care less about America or Our well being as citizens. Thanks for watching!
mccainisthrough 2 years ago