Award winning economist says America has bankrupted itself with the Iraq war

Discussion in 'Economics' started by BoyBrutus, May 5, 2008.

  1. Mvic

    Mvic

    Not to mention decuiding to cash out their home equity that they have come to rely on to fund a large part if not all of their retirement sooner rather than later if they see the housing market not getting any better. Prices have come down but I still see a great deal of supply just waiting to come to market hopng prices will start to recover and very little demand for it to sell to because of tighter mortgage retrictions, higher down payments, people having less disposable income and everyone who was going to buy has bought for the most part.
     
    #11     May 9, 2008
  2. It's not the war, it's not bush, it's the average person and including American people who are growing more stupid and mentally ill by the day

    I've learned majority of people in this world don't even deserve shit let alone prosperity in life
     
    #12     May 9, 2008
  3. Joab

    Joab

    The only Americans that have become rich since Bush took office are the Oil companies !

    Too much wealth is now held by too few and that is never a good thing.

    No offense but Americans have turned into Bush's bitches and he pimped you all out for his buddies. :cool:
     
    #13     May 9, 2008
  4. Wrong. The war in iraq has contributed to the economic boom seen since 2003 when the war began because it contributed to a fallign dollar and increased profits for multinationals and defense companies. The markets have surged nearly 70% from the lows. The subprime and mortgage 'crisis' hashad a tiny impact on the overallt economy. Great time to ignore the doom and gloom and buy stocks.
     
    #14     May 9, 2008
  5. maxpi

    maxpi

    I find it hard to blame the little guy. He is blindsided by a shitty educational system designed to dumb him down and train him in socialism and the food supply has less and less nutrition every decade starting after WW2. He can pull himself up by the bootstraps by studying things on his own but few realize there is anything wrong......
     
    #15     May 9, 2008
  6. In case you haven't seen it, the third part has some interesting information...

    http://zeitgeistmovie.com/main.htm
     
    #16     May 9, 2008
  7. What is the problem with socialism? France has socialism and has free college, a 35 hour work week, #1 healthcare system in the world, free healthcare, and best quality of life in the world.
     
    #17     May 9, 2008
  8. newbunch

    newbunch

    And they haven't invented anything of significance since the guillotine.
     
    #18     May 9, 2008
  9. clacy

    clacy

    Yes and they would be speaking German or Russian were it not for the good ol' US.
     
    #19     May 9, 2008
  10. bkveen3

    bkveen3

    There's nothing wrong with socialism? That one made me laugh for a good long while. I enjoyed it. Other than an out of control unemployment rate and ever increasing taxes that only burden the economy more, its great. Economics 101, nothing is free.
     
    #20     May 9, 2008