who killed the economy?!?!

[brtnboarder3241 5,000+ posts]

http://www.portfolio.com/interactive-features/2008/06/Who-Killed-The-Economy

that site was linked from yahoo lol

Click to read more...

 

[Tiger Bass 5,000+ posts]

It was a mix of things. Not just one person or entity.

 

[dman4486 5,000+ posts]

tiger bass's avatar killed the economy:fyi:

 

[Buck 5,000+ posts]

tiger bass's avatar killed the economy:fyi:

no the gif in dragonix's sig did

 

[bumpin buick 5,000+ posts]

does it really matter, i think its more important to find out who will save it

 

[lilmaniac2 5,000+ posts]

I personally blame greenspan. He quits then rights a book on how he f'd up lol

 

[Buck 5,000+ posts]

does it really matter, i think its more important to find out who will save it

very good statement. try to solve the problem, not point fingers and get nowhere

 

[tapout383 10+ year member]

id say gas

 

[crunktimes.com 5,000+ posts]

Soulja Boy did it, single handedly //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[Banana Balls 5,000+ posts]

I like the current economy.

I find that the rise of gas prices will further expand the gap between the rich and the poor by exponential measures.

 

[Tiger Bass 5,000+ posts]

id say gas

You would essentially be saying a mix of China, India, OPEC, and the US economy for being weak before all that mess with global oil demand increasing.

 

[Buck 5,000+ posts]

Soulja Boy did it, single handedly //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[tapout383 10+ year member]

maybe soo but i know i cant afford a new car because im spending my whole paycheck to go back and forth to work

 

[bigbirney420 10+ year member]

Its going to get a little worse before it getts better. The oil bubble is going to burst within the next 3 months. I wouldnt be surprised it it was under $100 a barrel by Christmas. It cant be blamed on any one thing. Its oil, housing and real estate problems, consumer confidence is down and unemployment is up.

Current market system is based on greed and fear.

 

[richierich75 10+ year member]

It was a mix of things. Not just one person or entity.

Partly correct Tiger - when/how/who did this all begin....

Let's see; it all began when Alan Greenspan and Company lowered the federal interest rate; which was a calculated move in an attempt to get people to borrow more money; how, by refinancing their home loans pulling cash out and buying new luxury items in an attempt to "stimulate" the economy; only problem was that the greedy lenders got involved and started giving everyone and their brother loans they couldn't afford; but it was all gravy for Bush cause home ownership was at its highest level; what they failed to grasp was the old saying "What goes up, must come down." So in summary the when/how/who can be summed up in by saying this - the current administration fvcked this whole thing up; please notice that I did not say Bush is the only one responsible; his entire administration is ultimately to blame for how things are.