Incidentally, a Fox Business Poll asked this question:
Who do you think will come out of this economic crisis looking smartest?
Ben Bernanke, the Federal Reserve chairman Henry Paulson, the Secretary of the Treasury Warren Buffett, head of Berkshire Hathaway Ron Paul, Texas Congressman and presidential candidate Bill Gross, PIMCO chief investment officer
I took the poll just to check it out. 74% in favor of Ron Paul. lol
right off the bat, he said we created the same problem we created in the 1920's which is totally false. we were on the gold standard at the time, we werent on a fiat system. there was no fed at the time.
Ron Paul is wrong.
but he is right on the bailout. its a bad deal. but wanting to go back to a gold system which is economic suicide. period.
__________________ If I do something stupid blame the Lortab!
I think it is interesting that so many folks on this forum are eager to give the current Administration and the most current business "professionals" connected to this disaster a pass on all of this.
8 years of Republican leadership, 8 years of loyalty and THEY let the country almost go down the tubes financially on THEIR watch!
But I'm supposed to blame Pres. Carter....
wow.
Just wondering, how bad did the economy tank after the 1st Bush? Does anyone see any similarities in his situation and this situation?
there was a very mild 2 quater recession at the end of bush 1. more mild than in 2000 at the end of Clinton's term.
this deal has been in the making since 1996. Republicans and democrats alike are at fault. (Yes that includes GWB.)
__________________ If I do something stupid blame the Lortab!
right off the bat, he said we created the same problem we created in the 1920's which is totally false. we were on the gold standard at the time, we werent on a fiat system. there was no fed at the time.
Ron Paul is wrong.
but he is right on the bailout. its a bad deal. but wanting to go back to a gold system which is economic suicide. period.
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