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False Pretenses
Message
From
28/01/2008 01:52:24
Walter Meester
HoogkarspelNetherlands
 
 
To
26/01/2008 13:41:22
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01284834
Message ID:
01285999
Views:
14
>SNIP
>
>>We are longing for an american president that is able to get the economy back to the years of bill clinton. If not, the US will lose its position to a new rising power: whether thats in europe or Asia.
>
>Now that is interesting. I find it funny that anyone would long for the dotcom collapse. Strange that I know of not a single person who is suffering financially right now after the sub-prime collapse, but I know of too many to count who lost a LOT during the dotcom collapse.

Personal experiences are not a way to measure global financial troubles. Are you deniying the problems on the financial markets. Why did the interest rate drop .75% last week ?


>That in no way should be taken as any type of support of GWB. In fact, After the LTCM debacle in 1998, Clinton went to the Council of Foreign Relations and announced to the bankers that he wanted their support in his plan to "reform" the current "financial architecture". It was their system he was referring to afterall. However, after his speech (should be on CFR's website) President Clinton was hit with the Monica Lewinsky scandel. Interesting timing... then came hyperinflationary bail out of the system - spurred by the bankers and Alan Greespan??????????? One can only guess.

The Dot-com crissis is not the fault of any government (US nor anywhere else). It was the fault of the dot-com hype and the blindness of the investors. I find it typically american to point to a democrat or republican president (depending on which you support) to blameon something he could not do much about it. It makes me puge. At one hand you want a small government (I love my country, but I hate my government), but on the other side people are complaining they did not do anything about something. Sigh...
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