GPS Panel on the Economic Crisis Nov. 23, 2008

[bodah44]

this is the best disscusion on the crisis I've heard. Obama watch this and realise what a bag of shit your going to handed in jan. The crisis also show the probs of Americas election cycle, why have a 2 year presidential race it only allows the incumbent to do what he like as others are distracted and why have any lame duck session is there anything more pointless and dangerous?

[ozaghloul]

Prince Al Waleed is not a smart investor. He got millions from daddy and invested them in some good deals in the 90's. He is no genius. He didn't make his own money. HE IS A DOUCHE BAG.

[toyracers]

the guy is worth over 30 billion.. he is a awesome investor, not as good as buffet but he is coming in at a strong 2nd..

plus he is an avid philanthropist.. not to mention that in 2001 he tried to give 10 mill to NY's 911 fund and Giuliani rejected it along with Castro's help.. i dont like castro, but he gained my respect with the gesture.. our arrogance under bush has disgusted me time and time again

[cvjucla3]

Bush & the GOP have put us in this mess. 6 years of republican rubber stamping the Bush administration's policies is the cause of the entire financial crisis. The Democrats should also be held accountable, but the main crux of the crisis can be attributed to GOP policies: The Iraq War, the Savings & Loan crisis, which developed entirely during Bush's watch, tax cuts for the wealthy, etc, etc, etc. We need to throw Bush out of office tommorow. Obama needs to put his hand on The Bible tommorow.

[toosinbeymen]

By Bush, I assume you mean GWB. If so, your statement is wrong. Deregulation of banks started this but Clinton's weakening of Sarbanes Oxley helped it out enormously, too. The trouble started IMHO with Reagan's deficit spending and tax cuts for the rich.

[cvjucla3]

I agree, Reagan's deficit spending in the 80s was atrocious. But remember, Clinton took Reagan's deficit, which was continued w/ Bush Sr., and turned it into a surplus, which W. destroyed. Amazing how you don't want the GOP to accept any responsibility when they have had control of both houses for 6 of the 8years that W. was in office & rubber stamped all his policies. I said the dems have to be held accountable, too. The financial crisis is more complicated than to blame it on banking alone.

[Hendo1974]

True! The worse is still to come! Obama won't be able to save USA! The bail-out obvious won't work, the losses is gigantic! It will only hit the american public by February 2009, USA as a financial superpower, is over!

[ozaghloul]

Give him all the thumbs down you want, but he's right. Don't shoot the messenger.

[jamtheman84]

good panel. Thanks for the upload HeathR

[rkcoon]

Yup, everyone knows there is a problem but none of them have a clue how to fix it.

My answer? take socialism, Communism and even Capitalism, put them in a blender, and see what comes out.

[rell127]

isn't that really what china is right now and even they are doing bad hell they are doing worst than us.

[waltermh111]

China owns us. Aside from that, read this and educate yourself.

I hate youtubes link policy.

Please search this in google which should give you an economist article on the subject of asias economy

Search words: sittin on dock of bay economist

Chinas problem has nothing to do with its gov or economic system so much as the way its economy is structures (exports are king).

Its a complicated system and to bash their whole system based on emotion is not right.