Consumers borrowed in his cards of credit and spent. They have been way on to debt for new houses, cars, etc.
Because of this, our government has had to spend a lot of money, amount the Department of Security of the Homeland and all the others necessary things to prepare for any another impressive attack.
In any booming the economy there is always abuse, and this time, all the Americans, the subjects and the successful executive to the act. Even me.
Like citizen of United States, would like me to give my opinion regarding the economic crises that we, like nation, is train to face now in the winter of 2008. I am not an economist, pues this is a unprofessional view.
For the varied past years has been there an international campaign of "Bush Bashing" of unprecedented criticism against one of our Presidents. It has been particularly carry in our common main proper average. The main current means has been always liberal and has favoured always the democratic party. The main current means has not wanted to Bush to even win the presidency, pues why sustain him at all. And have no.
But achieves the fault by all because the people have to blame some time of fair facing the facts.
In my opinion, the crises faced well now, begun September 11, 2001 when the turns of Centre of Trade of New York have been destroyed. This impressive episode in America has taken all the world entirely by surprise, because anybody has imagined could not never be attacked such way.
Price of accommodation peaked because they had finally been priced too big to buy more. Also, when the people buy new houses also have to buy all these appliances, muebles etc. And they also arrested buying these things also.
America has been then in war in Afghanistan that looks for Osama bucket Laden and other terrorist. Some how many months after we have been in war in Irak. The cost of both of these wars, all this past seven years, has been staggering and has #all been has added in the National debt.
The Banks left money to people for houses, those who there has been little or nothing to put down. Quite fast, the cost of all was so big that the consumer has been one spending goes more dulcemente or freeze. The Essence was so big, the people were riding buses, trains, bicycles, mopeds, or on foot to save money. The alimentary Prices were sky rocketing and pues was other goods because of the unrealistic arise in the price of oil.
I am 75 old years and have known by experience that this boom could no last forever. Which he goes up, always hunde, faster or more tarda.
Meanwhile, Here marries, the Americans were in a borrowing and spending spree. The market of stock went up, the gold went up, the oil went up and the commodities went up, everything because of demand of consumers, subjects and governments.
It does any mistakes? He me clock a person that there is no. It could the war has been handled better? It could has handled the better hurricanes? It could has handled the economic crises better? Any quarter of morning of the Monday-backer can answer this.
There is not does anyone goes to debt. There is not does anyone uses his cards of credit. It has not said the banks to do risky smart. It has not done the hedge walk of melt on top of the price of oil. It has not said Osama bucket Laden to kill all these people. It has not said the hurricanes to strike America, etc.
The Essence was people so big cuts behind spending a lot of things. When this happens an I dominates conjoint of effect inside. Beginning of people to be posed of works. When that he happens can not pay the mortgage and have walked out of his houses. He everything snowballed with failure of bank because the banks did not achieve paid by the borrowers.
Wish any would write a book has titled: "Look The one who has Achieved #to Throw Bush".
I have seen a lot these booms and bustos in my lifetime but this is the worst. He am disposal to be able of quitar of this, with all the world neither begging Washington for money or when being bailed out of by the executive.
I, for one, am not disposal to join in the unfair orgy of attacks in George W. Bush.
Who is to blame for everything of this, George W. Bush?
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