the us is on very thin ice now. and I don t say this because I think Europe is better or anything - I m just very worried. if the US has a recession we all will feel the effects.
1.) your saving ratio is -1% this is a ridicoulous low number. in a recession private consumption can help overcome it. but no chance here, cause you're broke already.
2) hank paulson has still some room to move with 3% budget deficit and 60% national debt BUT because of your not existent saving ratio u have to lend money from outside. and where is the money coming from? China, Saudi Arabia and co. - nice to ow a shitload of money to those countries, isn t it? and because of the weak $ it s getting harder and harder for paulson to borrow money. the US is already using 60% of the available global capital in the world!
3) ok, you could still lower your prime rate and make money cheaper. but the problem is that after the real estate crisis banks don t give out money easily andthis will stay for some time like this and secondly your inflation is going up. so no chance here either.
4) iraq. 486 b $ until now -and much more will follow. u could have had universal healthcare and great education for everybody with this kind of money... but rant on the immigrants and the democrats
This is a very narrow minded statement. This would pay for such programs for one year only...........
so there has to happen much more than just a new president - tho your old one really sucks.
Originally Posted by ***xxx***
the us is on very thin ice now. and I don t say this because I think Europe is better or anything - I m just very worried. if the US has a recession we all will feel the effects...........
