posted on Sep, 3 2010 @ 01:21 PM
It's sad that people believe crooked Politicians when they try to blame Wall Street or poor people that can't afford their loans for causing these
The problem is Big Government.
The fact is, we're in a global economy with cheap labor. Globalization and Free Trade was pushed by Clinton and I support it.
This means are manufacturing base will be hit because of cheap labor but we will get more entrepreneurs and people switching and retraining for
service sector jobs.
This means the American people can borrow and consume as far as the eye can see because other countries will hold our debt as long as we consume their
This is a very good place to be and all Government would need to do is make trade deals to bring in more goods for us to consume and keep government
This would also help us to spread democracy because money talks and BS walks. We can tell countries they can have access to the American consumer and
we can do this trade deal if they give there people a little more freedom.
What has destroyed everything is Big Government. The people can borrow and consume as far as the eye can see, but the government can't borrow, waste
and spend as far as the eye can see.
The people will not be able to sustain a massive government and massive debt in a global economy with cheap labor.
This is because Governments will have to raise taxes and fees in order to support their massive spending and Consumers will have to divert money to
taxes that would have been used to consume more products and services.
This causes a credit crunch to occur and you now have Politicians running around blaming everyone but themselves.
Just think, if we had a 6 or 7 trillion dollar debt instead of a 13+ trillion dollar debt we would be sitting pretty.
Sadly, Bush and now Obama are big spenders and their massive spending will destroy this country. Obama like Bush uses the word "crisis" in front of
everything as an excuse to waste and spend trillions of dollars and in a global economy with cheap labor the American people can't sustain this
In 1960, we might have been able to sustain this spending because Corporations had 90% of their operation in America and 10% overseas. Today, we have
Corporations that are spread out overseas and maybe 60% of their jobs are located in America.
This means when the Government spends trillions on a stimulus package, most of that money will be spread out overseas but Americans will have to pay
that money back plus interest.
This can't be sustained.