Thread: Fox News Special on Economy

I just saw the beginning they are having huge information on Obama and his money going to ACORN the radical organization group being investigated for voter fraud.

This show is naming names and the Democrats are the real culprits on the bailout and not regulating Fannie and Freddie. In 2005 the Republicans tried twice to get regulation done and the Dems blocked it. Too much money in their pockets.

There are a lot of factors leading to the "economic meltdown"----and nobody is in a real hurry to take credit for them----such as:

THE DEFICITS
1. Trade. Too many Asian and European cars (Thanks, Liberals). Too many Chinese imports. Too few competitive US exports (Thanks, labor unions)
2. Federal Budget. Too many offshore tax havens (Thanks, business people) Too much wasted spending in Iraq (Thanks, GWB) Too many black market activities (Thanks, Joe Sixpack)
3. Current Account. Too many remittances (Thanks, illegals) Too much foreign Aid (Thanks, Congress) Too many outgoing dividend payments (Thanks, foreign investors) and transaction fees (Thanks foreign banks)


Not to mention there have been millions of shaky loans that should not have been made.