Having George W. Bush giving a lecture on business ethics is like having a leper give you a facial?
58It is a fact that U.S.A is facing the biggest finnaical crisis of their histor. No one would have courage to say that the financial policies of George W. Bush cost completely for the present rare phenomena. But the president of America has a big role to play here, a very smart game that could save millions of investors and the banks and financial institutions. The people are really expecting inflation and very hike in the price of domestic products. That would really affect the normal life cycle of common man. What and where went wrong for the president of America? The governement is spending around $2.3 trillion dollars at all levels as tax every year and the financial crisis is still there. What could be the reason?
The delivery system of United States need to be changed as early as possible. The inherent flaws int he present delivery system ultimately affect the financial existence of the U.S. Like in private sectors the government machinery also need to measure the profit and loos factor from their service. Now every thing appears to be free in governement sector. The policy of consumption need to be changed and it would make big difference. The efficiency should not suffer at any cost.
The present finnaicla dileama alredy affected the finnacial existence of Asian markets. The share market of Hongkong and Japan witnessed huge fall in result of the financial crisis. The real meaning of privatization need to be rectified and this responsibility vested in the U.S. government. Privatisation does not provide right to the concerns to do anything for the financial sake. The governement must shows enough courage to control the system if something unexpected happend. The public sector should be given more authorities and nationalized banks should be formed. The entire failure systems of giant private banks need to be changed and should be under the control of the government. The financial instittuions should shown more responsibility towards the society. Harsh steps need to be taken at least this point of time. We all can only expect a good ending for a bad climax.
- George Bush is only responsible for the present U.S.A financial crisis and what is the remedy?
The banking sectors of America are collapsed and they are facing the biggest challenge ever. America witnessed same crises in 1930s; today the issue is more serious and need to be rectified at lightning speed.
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Comments
William
Still at it.
FDR was the worse President the country ever had.
I would rather have the FERS than Social Security which is just another way of saying TAX.
It is a ridiculous system, that is unfair, costs too much and gives out too little.
SS should have been privatized or managed like FERS.
William it is time to sit in the front looking out the windshield instead of from the back seat looking out the back window.
It wasn't George W Bush that wanted all the people to own a home that they couldn't afford.
Do you want some fries with that pickle?
Congress and the 2 political parties are the root cause of the country's problems.
Give Bing a rest and sing another tune.
Those right wing talking points, issues veritas, were soundly rejected with the election of Barack Obama and a Democratic Congress. Truman, Franklin D. Roosevelt and Kennedy were our best presidents and Social Security is unquestionably one of the best things the United States government has ever done. Privatizing Social Security is just a code word for ending it in favor of giving it to the same corporations that have gone bust because of greed and wrongdoing. Because of Roosevelt's program, millions of Americans can feel "secure" in the old age -- as long as the right wingers don't get their way. Here's what Bing says: http://www.youtube.com/watch?v=eih67rlGNhU
William F. Torpey says:
9 months ago
George W. Bush is largely responsible for the present financial crisis, but the Republican idolization of Ronald Reagan also deserves much of the blame. The GOP purposely tried to create a tremendous deficit merely so that they could try to reverse the policies of President Franklin D. Roosevelt, such as Social Security, by claiming the country couldn't afford these programs for the poor and middle class. The effort failed, and left us, and the world, in a financial pickle.