The Global Financial Crisis. Part 1.

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Uploaded by on Jan 25, 2009

Understanding The Global Financial Crisis. Part 1.

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  • I've written nine business best-sellers, with over a million copies in print in 18 languages. There is a lot of academic thought these days that FDR's policies weren't responsible at all for our recovery from the Depression. Unemployment rates remained high for a full decade. Some types of government spending may help prime the pump, but the only sure way to boost the economy is to cut MARGINAL tax rates on (sorry!) high-earners, for the simple reason that they are the most productive.

  • Obama's plan does not look like what we thought it would be. He's increasing the budgets of such things as Pella Grants Headstart, No Child Left Behind. The list is so long it looks like a handout gift for every group that supported him NOT a master job creation plan like FDR's. I'd suggest you review detailed articles on the plan because its sure not what most people expected.

  • Obama what he wants to do? Hes told us. He wants to build infrastructure, and sell it off as privatized roads bridges etc. probably to the fulf states. theyre the only ones who will take dollars anymore.

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