Economic Plan Add 11 Million Jobs Right NOW
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I like it! You are spot on. I am not sure we can ban all China imports since they already own so many assets on American soil. But, you have a lot of great points and ideas. You may be one of the smartest people I have seen on YouTube in a long time. Kudos.
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YOURE WRONG. its actually the opposite of what you said. it was the government regulating interest rates(i.e. making them lower) that encouraged reckless spending on credit that people couldn't back up. if the government instead let the market set its own rates, only more responsible people would take them up. the bail out fucks us up too. you should read CRASH PROOF by peter schiff to get a better idea.
Nickerer 2 years ago
Well, we do seem to agree on the basic fact that it was baloon mortages, that started out below prime and later ballooned to loan shark rates, that caused the meltdown. However, government did not force baloon loan rates.
Previous gornment regulations would have prevent balloon mortages that ballooned into loan shark rates. It was Republicans removing those regulations that allowed banks to do them, resulted in the economic meltdown in America. A return to loan shark laws would protect us.
ShadePanther 2 years ago
Wrong. The federal government did not cause the problem. It was the Radical Super Rich bank owners with their balloon rates and Radical Super Rich off shoring of jobs. It was inaction and lack of regulation by the government that ALLOWED the Radical Super Rich to Economically Destroy America. It is time for the government to step up to the plate and do the kind of regulations that it should have done in the first place to solve the problem caused by the Radical Super Rich Economic Dictators.
ShadePanther 2 years ago
Thanks. Maybe if enough people ask members of congress to ban imports from Communist China, maybe they will at least limit imports to be less than factory exports to China, raise the tariff to 100 percent, and double the sales tax. That would help a lot to give Americans back the 7 million lost jobs. Thanks for the support.
ShadePanther 3 years ago