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Originally Posted by ZeroSignal  It's just a short term "fix". No good will come of it. Similar things are happening here with the ECB. Inflation is getting out of hand and there's very little the governments can do to control it. Things aren't looking too good across the world.  |
The reason we're dealing with runaway inflation is because we are borrowing money to bankroll a war. This will not get any better until we get out of Iraq and start paying it off. There is absolutely nothing we can do to alleviate the situation, or we run the risk of driving more homeowners to foreclosure. Our answer? Bail out the the loans industry that got the housing market into this mess, and spend more money on the war.
If the country could be represented by one child, then Regan and the first Bush are the guys who dug a well, didn't label it, and watching the kid fall in. Clinton was the large rescue effort that pulled the child back to safety, an Dubya is the moron who came along and dug the well twice as deep.