Will the USA ever overcome the economic crisis that the Bush Administration has left us in?
Yes, it will...economics, as with so many things, is cyclical. While the US is currently suffering the effects of over-inflation, these effects are temporary. Will we ever return to the ridiculous boom conditions we experienced right before the burst in the housing market, amongst others? Probably, but hopefully most of us have learned something from it and won't let it get to the kind of proportions it reached last time. The bubble was not a natural, sustainable state for the economy and a healthy economy won't look the same as many of us got used to seeing in the last 5-10 years or so.
Your President is doing well. He believes that two heads are better than one and from observing him from a distance, he is operating on this premise.
Regarding economic recovery, the truth about recovery is that it would involve the recovery of other countries as well.
One way to go is to get China to open up her market, so that American goods can be sold, helping new businesses to start.
getting more countries such as Saudi Arabia, Jordan and other friendly nations to share in the burden of war in Afghanistan etc.
Also THE AMERICAN GOVERNMENT NEED TO MAKE AMERICAN GOODS EUROPE FRIENDLY AND EUROPE CONDUCIVE.
The only way to have a better economy at this point is to cut taxes and make them permanent. This will give companies, large and small, the confidence to hire, spend, and borrow, if necessary.
We also need to slash the size of government, getting rid of the fat gained during the last and present administrations.
Next, stop this ridiculous and incessant blame game. The problems of the Bush Administration were many with a large portion caused by both sides of the aisle. The Obama Administration, along with the Democratically-lead Congress, isn't any better, in some cases making the problem even worse.
The truth is the major portion of the blame rests squarely on the shoulders of the American people for not holding both parties accountable. This last election, in my opinion, was a good start.
It's time we, the American people, step up and make these politicians understand they work for you and I, not the other way around.
We and this country can overcome this mess. We've endured worse. But we'll have to step up and do it as Americans, not Democrats or Republicans, Liberals or Conservatives.
A side note to Morson: The only way the War on Terror should end anywhere is for us to take off the gloves of political correctness and kick the crap out of each and every terrorist until they cower at the very mention of the name UNITED STATES OF AMERICA!!!
by pramodgokhale 3 years ago
Can EU beat economic crisis? Yes they can I hopeEuropeans are known for their Innovation and Invention.Without doubt they gifted great Inventions and discoveries to the world.After the WW-II they built European Union and started free trading Commerce and common currency Euro again they built...
by chan0512 7 years ago
Is USA still in economic crisis mode?I just went to the outlet mall, parking lot is full. There is even a valet parking. Also notice more crowds than before.
by Leta S 9 years ago
C.I.A. interrogators under the Bush Admin. used waterboarding, the near-drowning technique that top Obama administration officials have described as illegal torture, 266 times on two key prisoners from Al Qaeda, FAR more than had been previously reported.The release of the numbers is likely to...
by Research Analyst 8 years ago
will the economic crisis cause more people to start a home business?
by Credence2 4 years ago
In light of the preparations for the commemoration of the 50th anniversary of the assassination of John F. Kennedy, past conversations with conservatives have come to mind.They told me that Democrats went away from them after Kennedy. Was it LBJ's Great Society, Medicare or Civil Rights...
by Joana e Bruno 6 years ago
Is the Media partly responsible for the economic crisis?Shouldn't newspapers and television be held accountable for speculative information that is damaging economy even further? What can we do? Perhaps boycott them?
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