Quote:
Originally Posted by Vendzilla
The guy in the article lied and I proved it, they do have the resources with American Bridge, they have the warehouses and equipment. And if you read what I posted,the money saved on unemployment and healthcare by hiring those people to build this would offset more than 400 million, much more.
You said we don't even have a way to build it and you are WRONG!!!
But you'll bring out charts and graphs that prove beyond a shadow of a doubt I'm wrong, just like you think that 1/3 of employed people in Greece had nothing to do with their problems.
Years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck.
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Thing is you're playing the "assume" game... You assume they could build it, you assume they could build it for cali, and you assume cali could afford it. Of course the guy in the article is suggesting differently, but you posted a url to a steal workers site, and proved him wrong...
The 70's and 80's saw higher unemployement rates because of the fall of the dictatorship. For 40 years now, the rates have went up and down, during peaks of economic times and bottoms. So, I'm going to have to say, no... it's not the unemployment rate, all the sudden causing problems, in the last year or so.
In the 80's almost all banks were publicly owned in greece and was regulated by the Bank of Greece. Banks straight up didn't care about profit. In the late 80s they had abolished credit restrictions and they started to centralize interest rates. By the 90's Greece was basically bankrupt. By 2003 they had no consumer rating index, the banks had removed themselves from having to cover public debts 'they created', all quality restrictions were gone, and the people were forced to take on debt by the EU basically making the 00's look pretty when the reality was, it was getting worse.
So again, no.. I don't think it's unemployment when it's very easy to go research want happened to them and once you know they've had great economic times, stability, low fraud, etc - with high unemployment & people taken care of. Thing is, once you do look.... you'll see it's the exact same game plan the extreme right has for America, a plan that has already failed.