Quote Originally Posted by dwnsthGABOY
How can usay that it takes 5 yrs to see the effects of what a president did in his previous term. What evidence is there to back a statement like that up.
As far as this whole economy situation goes, U can't spend money u don't have. Meaning when u say We were the ones that stop spending money,so we're to blame for the economy crisis. That is complete bullshit. The average person in America is not rich. The ironic thing about it is that rich ppl don't have frequent spending habits like the average person does. When rich ppl receive money they save a lot of and spend a little. When poor or middle class ppl get money they spend a lot and save a little if their is ne money left. They have to pay bills and food, shelter and all that other shit. Now grant it, rich ppl need all those things to b/c they are humans as well, but the fact is they have money to burn so they don't spend as much. My point is the Economy crisis can be blamed on one person and that is the president. I don't think very highly of Bush. I think he is fuckin idiot from Texas. But I do think that He is doing a hell of a lot better than Kerry would have done. And I can almost respect a man that has the balls to stand up behind what he thinks is the right no matter how many ppl thinks that it's wrong. I'm not gonna say who, out of Clinton or Bush is the cause of the economic Crisis is, because ur right I haven't researched about this at all. But I can assure u its not b/c of Americans not spending money, because if they had it they would spend it. Before Bush my friends and family's financial status has been quite different than it is now.
Dude.... Again, Like I said the economy was in a downward trend the last year or so of Clinton, But it wasnt out of control at that point, People still bought shit and people still lived thier lives, But 9/11 put a deep fear to the core in most of the American people, and that made them AFRAID to spend and to start to stock pile what money they had. Why you ask? They were afraid from the media that Al Quida was going to go after the bank systems, etc... basically everything we hold of value in our lives, so with that people became afarid to spend, Take trips ( Tourism makes a HUGE part of this countries Economy ) and when that stopped, Airlines started to suffer, some went out of business, now the ones that did survive are back to pre 9/11 status as far as amounts of people flying, BUT they still are loosing money because of the last few years of people NOT flying, they all are in a deep debt. This is all a ripple effect in the country, When one thing goes bad it ripples down to alot of things going bad.

It has nothing to do with what class you ar ein life, etc. People spnt money the day before 9/11. People stopped the next day, I understand why they did, Im just saying when over 50% of the people stop buying, the economy goes down even worse, and quick. Look at the Stock Market the day after... They had to close it down because people started selling off all thier stocks and the market had its worse crash in history, and still today its not where it was before 9/11. It DOW was in the low 11,000 range, Todays reading is 10,651.18 still not where it was but in the last few years it has struggled to get back where it was. The market is a very good look at how the economy is doing, Watch it for a few weeks and you will see what I am talking about.