Fixing The Economy

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Uploaded by on Jul 14, 2008

President Bush is ready to drill us out of an economic slump, but he drill for new mortgages too? CNBC's Jim Cramer and the Politico's Eamon Javers discuss. MSNBC broadcast.

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  • I love how bush says "pump" makes him sound like an ass.

  • Credit scores are an algorithm that shows how profitable of a mark you are.

  • Yay socialism! Maybe we'll all have health care then! =)

  • Idiots just change the way the credit bureaus do their scoring. They give higher scores for people who have many credit cards and maintain a balance, than people who pay their shit off every month and keep maybe one credit card. Im no Alan Greenspan but if you have a balance at the end of the month you cant afford a fucking house !! Dont blame who is in office, blame the credit agentcies for giving your broke ass credit ! And thank yourselves for spinning the country into socialism ))

  • More drilling, NOT the answer. Renewable power is the answer. We trail behind Europe in WInd and Solar power. It's renewable and getting cheaper. That's what we need to invest in.

  • lower taxes are an illusion. to cover the debt fed needs to print more money and probably will. this will cause even more inflation which actually works like a hidden tax.

  • If the Fed raises the interest rates to protect the Dollar the Stock market will go down -Billions of foreign Stocks will be sold. that money will return to many different countries - private and institutional investors alike. Not to mention the falling economy and housing market in an higher interest rate environment ! The effect on the Dollar can only be imagined ! So raising the interest rate is not an option for the Fed.

  • Why didn't rich America tax fuel when the price of oil was low ? demand would have been less- CO2 levels lower, trade deficit lower, $ stronger...

    Do you understand the trade gap ? 700 Billion a year !( Oil imports and Japanese imports do not even account for this number !!)Actual Growth of an economy with "credit injections" has to be lowered by at least the same % of Debt issued. Hidden inflation of 5% a year for more than 10 years...- new debt 2 Billion a day - until when ? Financed by who ?

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