Showing posts with label causes of the econimic crises. Show all posts
Showing posts with label causes of the econimic crises. Show all posts

Tuesday, April 14, 2009

Obama's Economic Plan

I hope our first black president succeeds. It would do this country a great deal of good. I do not know as much as others about the banking end of the crises. But I do know this:

The mortgage meltdown is not the only part of the economy where greed was allowed to destroy financial stability in this Country. As long as we are:
  • outsourcing
  • hiring illegally (displacing American workers for less capable cheaper labor)
  • allowing the most wealthy to pay 0 taxes (with the greatest burden on the middle class)
  • increasing debt to Communist China
  • unprotected borders (globalization)
  • NAFTA
  • shipping our manufacturing out of the country (forgetting that the so called uneducated have been among our greatest producers/ as if only the college educated have something to offer this Country)
  • HI B visas (displacing American workers for less capable cheaper labor)
  • firing American firefighters because they do not speak Spanish
  • the high cost of the IRS
  • an unchecked and unregulated Federal Reserve......

The causes of the "Economic Crises" are not being fully dealt with.