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"The recession was a result of the Mortgage Meltdown......"
Wrong. The reason for the American recession has just on name: George W. Bush Jr or just one initial: "W"!
The bad thing about questions like these is the fact that there is rarely one lone, scheming, conniving culprit that is guilty for the whole thing, but rather several integral factors that, when they all happen, it causes a recession.
The first and most obvious of these is the tax burden: Simple economics tells us that the less money that people have to spend, the worse an economy is going to be. History has taught us this time and time again. Why do you think communist/socialist systems categorically always collapse, fairly quickly. When people have less money to spend on vacations, cars, stereos, iPods, laptops, etc, then obviously that part of the marketplace is going to suffer. It goes the same with investing, if people simply don't have the money to invest into new business, etc, the same thing occurs. Almost all top notch economists agree that a HUGE, long term, tax break would greatly soften the blow.
Exactly the politics of GREAT PRESIDENT BARACK OBAMA. And nobody will make me believing that America is a communist/socialist system. GREAT PRESIDENT BARACK OBAMA lower the tax for the middle class and the working people. That is fact.And it works. 7.8 % unemp0loyment rate is the right direction.
Oil prices: As the U.S. is dependent on mostly foreign oil, when the Arabs raise the prices, it will eventually catch up to everything else. Theres really nothing we can do about this as of this very second.
Exactly what GREAT PRESIDENT BARACK OBAMA did. A good politic to Arabs nations. His treatment to the Arab king was strong - never weak. The best for America.
The "Housing Bubble": Yes, this is a classic example of a financial sh*)storm, but its really not as catacalysmic as the media portrays, and by that I mean that situation is at least still manageable.
And we see hope.ore than a silver strip on the horizon of Marco Island. Thank you GREAT PRESIDENT BARACK OBAMA!
When you add all of this together and add a multi-billion dollar war that is getting us nowhere, you've got your Grandmamma's recipe for a recession.And one initial: "W"!
Its basically like a multiheaded monster. The minute that you cut off one of the heads, another grows in its place. The only real way to ultimately solve the problem is to sever the monsters legs, light it on fire and simply watch it burn to death. The monster being the government. If we could get the government OUT of the marketplace, and let it react natuarlly, then we'd be just fine. For some reason people do not realize that each time the government has tried to intervene, they have simply caused everything to get worse.
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