FMBI Posted July 24, 2008 Report Posted July 24, 2008 Link Now, I might be overreacting, but I don't see how they're going to manage this one, especially with a long-term fall in income because of the housing collapse. There are only going to be four major states that pull out of this without a shortfall, and even those have some debt in the background. What's next? Federal funds from PA and Texas to cover everyone else?
Aileron Posted July 25, 2008 Report Posted July 25, 2008 It's been done, and anyone who lives in western states sure as heck knows it. Not specifically with a bailout, but there have been many times where Wyoming, Colorado, and North Dakota has had to put up with federal laws for the self serving interests of California, New York, and New England. In this case said bailout would probably take the form a federally proposed bill backed by Democrats, who would use a sob story of people losing their homes to demonize anyone who opposes it. I don't really know who to blame over the economy. Bush seems to be the popular target, but the economy didn't really get bad until after the Democratic congress took over. I guess the biggest reason is the inability for politicians to compromise.
AstroProdigy Posted July 25, 2008 Report Posted July 25, 2008 Yup the Democrats taking over magically creates fundamental problems that were taking place before the Democrats were in power. I suppose if Republicans were still in power you'd still blame the Democrats, though, so there's no point arguing with you.
rootbear75 Posted July 26, 2008 Report Posted July 26, 2008 no, 9/11 was the government's fault, not just clinton.
»Ducky Posted July 26, 2008 Report Posted July 26, 2008 Not this re!@#$%^&*ed theory again.I agree with Ail. I don't even know where to place blame about the economy anymore.
darkhosis Posted July 26, 2008 Report Posted July 26, 2008 (edited) grok it http://www.infowars.com/saved%20pages/Prio...t_bin_laden.htm in an alternate universe somewhere, Ron Paul is Our Glorious Leader and all is right and well, i have seen this Edited July 26, 2008 by darkhosis
»D1st0rt Posted July 27, 2008 Report Posted July 27, 2008 The dollar is screwed guys, it's just a matter of time. Econoblame should be directed at the Federal Reserve, more specifically Bernanke and Greenspan.
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