11-30-2008, 05:43 PM
That is a good video Bearclaw!
It is no wonder our economy is failing. When Bush Sr. left office our "Individual Debt" or money owed to banking institutions by every citizen in housing, auto or private loans, was equal to our Gross Domestic Product (GDP).
Today our "Individual Debt" is 4 times larger than our GDP. We created an economic bubble based off of credit rather than real value.
Here are a couple of good clips from a Congressman from Michigan Regarding the "Bail Outs".
[url "http://www.youtube.com/watch?v=7qA3cpYiz5k"][/url][url "http://www.youtube.com/watch?v=gNlXgzzdJQA"]http://www.youtube.com/watch?v=gNlXgzzdJQA[/url]
[url "http://www.youtube.com/watch?v=Csthf_CQsjo&feature=related"][/url]
[url "http://www.youtube.com/watch?v=akiH5OD8KQg&feature=related"]http://www.youtube.com/watch?v=akiH5OD8KQg&feature=related[/url]
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It is no wonder our economy is failing. When Bush Sr. left office our "Individual Debt" or money owed to banking institutions by every citizen in housing, auto or private loans, was equal to our Gross Domestic Product (GDP).
Today our "Individual Debt" is 4 times larger than our GDP. We created an economic bubble based off of credit rather than real value.
Here are a couple of good clips from a Congressman from Michigan Regarding the "Bail Outs".
[url "http://www.youtube.com/watch?v=7qA3cpYiz5k"][/url][url "http://www.youtube.com/watch?v=gNlXgzzdJQA"]http://www.youtube.com/watch?v=gNlXgzzdJQA[/url]
[url "http://www.youtube.com/watch?v=Csthf_CQsjo&feature=related"][/url]
[url "http://www.youtube.com/watch?v=akiH5OD8KQg&feature=related"]http://www.youtube.com/watch?v=akiH5OD8KQg&feature=related[/url]
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