Can any President of any country fix the economy or is it a cyclical expectation?

Originally Posted by Magnumutz

Since then we've been so eager to follow the USA, that it didn't even matter who was in the chair, they all kissed ass on the americans and right now, we're screwed.

that's what i said... YOU decided to follow the USA.. they never invaded Romania, they were not even involved in the protocol of switching from communism to free market... YOU decided to do so, and you followed european rules though...

[Magnumutz]

Can't say I, directly did, cuz i was a few months old when the revolution started and the communism collapsed. And when i say "we", i mean the government that's been around for about 20 years that turned this country from an international exporter, to an international importer...

Anyways, i'm done with this thread cuz i'll probably start whining about how a handful of bastards has evolved into a whole government and messed this country even more.

[Ryan Ashbrook]

Originally Posted by nexialys

Ok, this again, is pathetic... always putting the fault on someone else, hey...

Are the inhabitants of other countries humans, or sheep ?!... they can decide on their own, they can change things on their own. if they are not happy of their situation, why wouldn't they change?! because of the USA?... where in the constitution of France is it written that they have to follow orders from America?!... where in the constitution of Germany is it written that they are owned by the USA?!

nowhere is written of made that the other countries have to suffer because of the USA. people are free to change their own status, they are not bond to the USA... this pathetic way of thinking that all and everything is because of the USA is just a denial of responsabilities.

actually, the world is watching to see if the USA will be able to break the crisis, not because they are responsable of it, but because they are the ones with the bigger means. in Canada, they invested 50 Billions to help the economy. the USA invested 800 Billions... the balance of power is different, and that is the element to take care of, not the responsability...

We really need reputation or the Thanks mod here.

Anyway, the Economic Crisis is cyclical. It's happened before, we're due.

Though, Danny has a point, I wish the government would force these companies to be more transparent with how they are spending the bail out money. So far I've not heard a single thing about how it's being spent, just that they have it.

[SEOvB]

Originally Posted by Ryan Ashbrook

We really need reputation or the Thanks mod here.

Anyway, the Economic Crisis is cyclical. It's happened before, we're due.

Though, Danny has a point, I wish the government would force these companies to be more transparent with how they are spending the bail out money. So far I've not heard a single thing about how it's being spent, just that they have it.

AIG sent their top executives to a 500k a weekend resort the weekend after being bailed out

Bank of Amercia bought Merill Lynch, then got a huge bailout once, and just got another 20B the other day (http://www.msnbc.msn.com/id/26708958/)

PNC bank got a little bail out money (if you consider 7.5+ Billion little :erm and bought another bank National City (also a failing adventure)

Lets not forget about giving GM/GMAC some, which still says it will be in bankruptcy by the end of march, meaning it can't pay back what it already borrowed.

Lets not forget the feds in all this glorious disaster. Alan Greenspan and Ben Bernanke, who are both about as useful to the economy as my grandma at a swinger party.

So cliff notes: Companies take Americans money to run and operate, companies all fail, declare imminent doom. Companies then take Americans money again with the assistance of the federal government, while the Americans still have to pay their mortgages, credit cards, and loans off to those same companies who received money from feds. Those comapnies in an attempt to payback government loans are raising interest rates, and increasing fee's for guess who, the American people to repay their own money back to the government....

Any questions on why this won't ever work?