[sanjuro]

We're number 3!

November 27, 2008
China and Europe Plan New Steps to Help Economy
By KEITH BRADSHER and STEPHEN CASTLE

Responding to rapidly deteriorating economic conditions, officials on two continents announced major steps on Wednesday to try to pump some life back into their economies. The European Commission proposed a sweeping stimulus-spending package totaling 200 billion euros, or $256 billion, while officials in China cut interest rates there by more than a percentage point.

http://www.nytimes.com/2008/11/27/business/worldbusiness/27global.html?hp

 

[$tinkle]

We're number 3!

ed: much, much, embetter pic

 

[Westy]

America, frick meh.

 

[Damo]

I've got a little bit to lend you, it's not much but...

 

[Stray_cat]

De-regulation and national debt did not start with Bush.

 

[sanjuro]

De-regulation and national debt did not start with Bush.

Really? That might be true, but Bush certainly did a great job making it worse:

http://www.zibb.com/article/4043921/FACT+CHECK+BUSH+ADMINISTRATIONS+TRACK+RECORD+OF+DEREGULATION

February 23, 2004: Instead of heeding warnings, Federal Reserve leadership promotes non-traditional mortgages over fixed rate products in a speech to the Credit Union National Association annual conference. "American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.the traditional fixed-rate mortgage may be an expensive method of financing a home." [Remarks By Federal Reserve Chairman Alan Greenspan, 2/23/04]

October 8, 2003: Bush administration objected to a proposal to have an independent regulator of Fannie Mae and Freddie Mac be an independent unit of Treasury, much like financial regulators housed in the agency that oversee banks and thrifts. The Bush administration also objected to a proposal to have the Department of Housing and Urban Development have oversight over the companies' business activities. The independence provision has broad support from committee Democrats and Republicans. The HUD provision was pushed mostly by Democrats but had been accepted by Oxley and Baker as a compromise needed to move the bill forward. [Washington Post, 10/8/03]

 

[Konabumm]

i guess the graph speaks for its self

 

[Stray_cat]

Really? That might be true, but Bush certainly did a great job making it worse:

http://www.zibb.com/article/4043921/FACT+CHECK+BUSH+ADMINISTRATIONS+TRACK+RECORD+OF+DEREGULATION

Well there's no doubt of that. Alot of the policies that allowed the markets to reign free were incacted by Reagan, (Bush senior), Clintion, and of course Greenspan. There are others as well, but these four people in my mind really made the biggest pushes to remove regulations that were already in place. And of course Bush(Junior) would have nothing to do with putting those regualtions back in place. Even after all this, he still does not want to.