Interesting People mailing list archives
Re: The Economic Consequences of Mr. Bush
From: "Dave Farber" <dave () farber net>
Date: Sun, 11 Nov 2007 16:47:34 -0500
-----Original Message----- From: Charles Arthur [mailto:charles.arthur () gmail com] Sent: Sunday, November 11, 2007 9:01 AM To: dave () farber net Subject: Re: [IP] The Economic Consequences of Mr. Bush Hi.. On 11 Nov 2007, at 10:19, Dave Farber wrote:
Subject: [Dewayne-Net] The Economic Consequences of Mr. Bush
Even a Brit like me knows that many of these things can't be blamed on George Bush. The taxation structure, yes - that's ridiculous, and that Warren Buffett is calling it indicates how bad it really is. The cost of the war in Iraq, yes - bad planning, bad execution and terrible decisions to begin with. But: -dollar's low value: inevitable as China has become industralised. The dollar was going to be slogged by the trade imbalance. -oil price: despite Iraq, the growth of China and India means their demand for oil was always going to push up those prices. Arguably, it's about time the US discovered the real price of oil. -education: well, does he really decide how US universities work? I mean come on - surely that's a state level subject, or even one for people in the Senate and Congress. -mortgage lending - well, that's down to badly-regulated financial organisations encouraging mortgage lenders to splash cash on anyone. That's just financial orgs being too inventive for their own good. Hardly down to GWB's encouragement. There is a need to separate what you'd like to blame GWB for and what he is actually to blame for. The interesting question is whether the next president will be able to fix any of these problems. best Charles -- my blog: http://www.charlesarthur.com/blog/ ------------------------------------------- Archives: http://v2.listbox.com/member/archive/247/=now RSS Feed: http://v2.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
Current thread:
- The Economic Consequences of Mr. Bush Dave Farber (Nov 11)
- <Possible follow-ups>
- Re: The Economic Consequences of Mr. Bush Dave Farber (Nov 11)