Re: ****Re: Geek/Tech/Entrepreneur Stuff to do in PHX

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Author: Lyle Tuttle
Date:  
To: Main PLUG discussion list
Subject: Re: ****Re: Geek/Tech/Entrepreneur Stuff to do in PHX

>The National Debt went from less than 2 trillion to over 10 trillion
>under Bush.


Uh, actually, it was $1.3 trillion........at least, it WAS after the
TARP and BEFORE Obama.....


>There's no suitable prediction for what the net effects of Obama's
>efforts will yield. The destruction of the world economy and a
>depression perhaps larger than that experienced in the 1930's was
>probably if the government had not stepped in and propped up some of
>these companies.


Ummm, I'm not an economist, but most of them say differently....

>If you have an argument to make about that, by all
>means make one. The fact is we printed money to fight an expensive war
>in Iraq that we couldn't afford and pumped up the economy on a false
>housing bubble that burst because there was no oversight over the
>lenders and the bundling of the loans. I personally lay this at Bush's
>feet.


Perhaps you should take a look at this video -- it might help refresh
your memory:

http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1


lyle ---------------------------------------------------
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