2007-08-29 23:07:32 · 9 answers · asked by craigk75 1 in Social Science ➔ Economics
Have a war. Oh sorry they already are.
2007-08-29 23:13:43 · answer #1 · answered by Goose 4 · 0⤊ 0⤋
American banks are to blame for selling mortgages to people who could not afford them.
America also has very little form of help for people who lose their jobs. Where the UK has housing benefit and other benefits for those who lose their jobs and are unable to pay their mortgages America really doesnt. So if you live in a country that has no safety net, companies that will move from state to state to get the best benefits the the local government then move as soon as they run out. Or just move manufacturing jobs to china or mexico or employ immigrants on low wages to cut costs it was an accident waiting to happen.
How to solve the problem? Change your social policy, pay decent wages and offer employees job security.
2007-08-30 01:50:49 · answer #2 · answered by jojo 4 · 0⤊ 0⤋
No, i do no longer think of so. I say this because of the fact there are different forces at paintings right here in u . s . that don't exist in Europe, somewhat a lively capitalist financial gadget, a inhabitants that consumes at greater ranges than the different usa interior the international, and a a techniques better diploma of involvement in faith-based social businesses than in eu countries. those have an surprisingly intense modifying consequence on the socialist elements of the yank state.
2016-10-09 10:37:16 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Unfortunately, we have set ourselves up for a no pain-no gain situation.
Since we have allowed wealth to be distributed so unequally for so long, the natural law of maldistribution of wealth has bankrupted our economy. As the rich got richer and the poor got poorer, politicians (conservatives this means you) attempted to cover-up this inequality with asset bubbles (stocks, real estate, etc) and by making debt easier for the poor and middle class to get in order to keep them spending and happy.
Now we are the largest debtor nation on earth. This happened becasue we allowed our productive capital to be exported to China, India, etc. This hollowing out of our economy means we will never be able to pay back the money we owe because we are not producing enough to pay our debts. We are simply consuming the products of other harder working, higher-saving countries, tranferring our once great wealth to them.
Trickle-down economics was trickle-down alright- we trickled our wealth down into the negative.
2007-08-30 00:41:36 · answer #4 · answered by ideogenetic 7 · 0⤊ 0⤋
three words.
muzzle
nancy
pelosi
then we can finish the job in iraq and trim the ridiculous amount of tax and spend schemes from the liberals. the problem is with many of the social welfare programs proposed by the liberals is no one seems to know or care whos going to pay for them and usually it winds up being working conservatives. the idea here is less pork, more investment in bringing down the national debt without fear of interference from grandstanding self serving liberals.
2007-08-29 23:14:37 · answer #5 · answered by koalatcomics 7 · 0⤊ 1⤋
I just watched this film:
http://video.google.com/videoplay?docid=497251819335380093
It is not about solving economic crisises is it? It's about looking after those that really rule :-(
2007-08-29 23:26:15 · answer #6 · answered by Part Time Cynic 7 · 0⤊ 0⤋
Get rid of the idiot Bush for starters
2007-08-29 23:14:38 · answer #7 · answered by Kevan M 6 · 0⤊ 0⤋
bomb industrial areas in highly competitive nations, then supply US built aid at high interest.
2007-08-29 23:16:52 · answer #8 · answered by dusty_guy107 3 · 0⤊ 0⤋
dollars to euros.or make elvis president.
2007-08-29 23:17:26 · answer #9 · answered by country bumpkin [sheep nurse] 7 · 0⤊ 0⤋