Bush: 'We must act now'
http://money.cnn.com/2008/09/19/news/economy/paulson/index.htm?postversion=2008091910

Here are some questions that I don't know the full answers to and was looking for how everyone else was thinking.

Question is Bush FDR or Hoover? He has had eight years good or bad?

Can he fix this? Can it be fixed?

Do you think this will be the next great depression?

Is a bailout the right thing to do?

Should trading and borrowing from China be stopped or limited? (or borrowing all together be limited)

Do prices need to come down? How would you fix this mess?

Feel free to say who you blame for it and explain why it has not been fixed up to this point, but if you can please offer what you would do.

How will the next President fix this?


Thanks,
Christopher.

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Hoover.

No. Yes.

Depends on the actions of the next president.

In some cases.

We can only stop borrowing from abroad if we have a balanced budget.

Eventually. Invest in alternative energy for starters.

W.

I hope the next president will fix this.

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BOINC WIKI

Hoover.

No. Yes.

Depends on the actions of the next president.

In some cases.

We can only stop borrowing from abroad if we have a balanced budget.

Eventually. Invest in alternative energy for starters.

W.

I hope the next president will fix this.

Also, invest in our own companies that reside in the USA

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LETS BEGIN IN 2010

Everything the elites have done this past thirty years is coming home to bite us on the arse.

While some prices have dropped, most notably in consumer electronics and clothing, the affect has been to hollow out the economies of North America.

We have effectively shipped inflation overseas by transferring labour costs to the third world and Asia.
While this has caused a short term price drop in products from those sources, eventually the costs of labour are going to start to rise as working people in those countries begin to make demands for a greater share of the profits.

Once the wage scales equalize to western levels and the costs of shipping a crappy walkman disc player around the world go through the roof, the price advantage will be gone but the option of producing goods in North America will not be available as we no longer have any factories.

The super wealthy will be forced to seek alternative regions of slave labour elsewhere in the world to move production to.
Maybe we'll be hungry enough by then to submit to their vision of a home grown class of serfs/slaves.
That is, if we haven't started to eat the rich by then.

Interesting points. Also if the standards of living increases over their then they will burn more oil and use more resources in general. Then the price of oil goes up and you have to pay 4 dollars to get to walmart to buy the cheap slave labor good.

Chris.

Everything the elites have done this past thirty years is coming home to bite us on the arse.

While some prices have dropped, most notably in consumer electronics and clothing, the affect has been to hollow out the economies of North America.

We have effectively shipped inflation overseas by transferring labour costs to the third world and Asia.
While this has caused a short term price drop in products from those sources, eventually the costs of labour are going to start to rise as working people in those countries begin to make demands for a greater share of the profits.

Once the wage scales equalize to western levels and the costs of shipping a crappy walkman disc player around the world go through the roof, the price advantage will be gone but the option of producing goods in North America will not be available as we no longer have any factories.

The super wealthy will be forced to seek alternative regions of slave labour elsewhere in the world to move production to.
Maybe we'll be hungry enough by then to submit to their vision of a home grown class of serfs/slaves.
That is, if we haven't started to eat the rich by then.

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We are paying over $5 a gallon in Canada already.
As for Walmart, I have never shopped at one of their stores and will continue to avoid them as long as they maintain their unfair labour practices.

I spend more to shop at the unionized stores (getting harder to find since Reagan's reign of terror) to support the cause of a living wage for everyone.

There was a time when a person working in retail could raise a family and buy a home on their takehome pay.

North America has to only look to the UK to see where they're heading. It's too late for us here - NO manufacturing to speak of - Gas imported from Europe/Russia - Local & National Government totally corrupt - Police Forces too corrupt/Political correct - Armed Forces run down to the point that many are leaving & recruitment down - Health Services, WHAT Health Service?

AND if we object, we're labelled Xenophobic/Racist. You've still got a chance, but only if you get the right people into the right positions!

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Interesting points. I found your post educational. Nice point of view.

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