We've become a nation that produces nothing yet consumes everything. Corporate greed and short-sightedness have let America ship jobs overseas- without thinking that if ENOUGH jobs go overseas, there won't be enough working people to support their business. This year's short-term gains due to Chinese labor costs fuel next year's unemployment rate. This year's short term gains come at the expense of lower wages here. The rising default rates aren't due to $4.00 gas- they're due to the fact that jobs are evaporating here at home.
But it all looks rosy from the top. Labor costs are down, inventory is up, insurance costs are controlled (no worries of that for Chinese outsourcing), and the overall tax structure has really been shifted to suit 'me' over the past decade- thanks to NAFTA and a very friendly Administration.
It's too bad that the view from the other end of the 'trickle-down' isn't as hopeful. Who is to be blame for the global financial crisis and recession now?
i blame..joe the plumber
THE MANWho is to be blame for the global financial crisis and recession now?
Crab People
ObamaWho is to be blame for the global financial crisis and recession now?
Some guy named Moe who day trades in his Mom's basement in Modesto, CA !
thatta alien over there!
the house of representatives and senate are mostly to blame as well as the president but most of the blame goes to the house and senate because they forgot what it is like to live paycheck to paycheck.
Greedy investment banks and insurance companies like Lehman Brothers and AIG...We also need to blame mostly all of the politicians for letting this happen.
The banks, first off, for lending money to people who couldn't pay it back. The American people, secondly, for spending money they didn't have.
Our sorry congress with its lax rules against greedy bankers and lenders who could care less about the taxpayers in this country ,a congress so into their greed and party's and never thought what their lax of regulations would not only affect our economies but also the global economies as well Nothing more than greed,greed and more greed.
Congress and The President, back in the 90s, for "Forcing" Banks %26amp; Loan Companies To 'Approve' low Mortgages to People who Otherwise couldn't afford to Buy a House, and had little intention of Working hard for a 'decent' Down-Payment....lol...!!
Politics.
Congress --Bankers--paying for meals that cost $250.00 or more and hiring Prostitutes for $5000 a night
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