Bob Schieffer spoke with New Jersey Gov. Jon Corzine, Indiana Gov. Mitch Daniels and Ohio Gov. Ted Strickland about the economic situations in their respected states.
We will never recover completely, there is an economic shift going on right now from the West to the East. Honestly, they deserve it, in China they work hard and have a savings rate of 65%.
kinda fucked up that states cant even balance budgets. if you dont have the money dont have the services. govt is way to bloated and setting a horrible example for its citizenry.
The USA is waking up to the decisions made by NIXON and GREENSPAN. The gig is up and the rest of the world is starting to see that the money is just green paper. Hey once the dollar hits 10% of its current value you will not owe so much. $480 000 per household down to just $48 000
6:26 Corzine is an idiot. He says the Federal gov has the resources to pay for the stimulus. I guess he missed the memo that we are approaching 50 TRILLION in debt. Unbelievable!
We will never recover completely, there is an economic shift going on right now from the West to the East. Honestly, they deserve it, in China they work hard and have a savings rate of 65%.
jjrglobal 2 years ago
Loved this video! I like the way it was well put together. It wasn't just slob put on the site. Good Job! Good video! =D
chick7489 2 years ago
kinda fucked up that states cant even balance budgets. if you dont have the money dont have the services. govt is way to bloated and setting a horrible example for its citizenry.
zdwade 2 years ago
Try 5 to 10 years...
guslingus 2 years ago
The USA is waking up to the decisions made by NIXON and GREENSPAN. The gig is up and the rest of the world is starting to see that the money is just green paper. Hey once the dollar hits 10% of its current value you will not owe so much. $480 000 per household down to just $48 000
guslingus 2 years ago
Does anybody know what thegas4free.blogspot,com is that Obama has been talking about?
everEbody 2 years ago
Governments can only spend money if they take it from the productive side of the economy.
The money taken will no longer be available to spend on products or services that would have been purchased had the bailout not occurred.
What happens to the jobs of those who would have produced these goods or supplied the services?
Economics in One Lesson
By HENRY HAZLITT
Remove brackets and spaces:
tinyurl(.)com/EconomicsInOneLesson
swiftysmithuk 2 years ago
6:26 Corzine is an idiot. He says the Federal gov has the resources to pay for the stimulus. I guess he missed the memo that we are approaching 50 TRILLION in debt. Unbelievable!
DavidThePatriot 2 years ago
Just as long as you are prepare to be robbed..
estodril 2 years ago
THe auto industry is dead. Burry it.
estodril 2 years ago