Quote:
Originally Posted by Robbie
Not that it was Bush's doing...but the economy was kicking ass for 7 of his 8 years, even with 9-11 happening. I never made more money in my life. And everyone I knew in this business was making a killing as well. People all around me had money...one of my brothers is a car salesman and he was making damn near as much money as I was selling cars to "average" people (Ford dealership).
My other brother is a fishing captain and paid off his nice home in Port Charlotte, Fla right on the ocean in 5 years he was making so much money.
Hard to blame somebody when everything is running on all cylinders.
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Well let's ask ourselves.
Were we MAKING more money or just spending more?
Was industry growing, was more real wealth being created, or were we just spending more of money we were not earning?
The growth of places like China shows you exactly where the wealth went. 1970 at the height of Chairman Mao's Cultural Revolution he had destroyed most of China's industry, infrastructure and food production they had. Yes 40 years ago many in China were starving to death. Look what exporting has bought them.
1945 Japan was in a similar position. Took them 40 years to be a major car, electronics and other goods, production center.
And the only thing that was keeping the Western economies afloat, was Wall Street and The City. Plus other Western Financial sectors. OWS is a secret 5th column plot by China to grab that sector. When they get so pissed off off, they decide Beijing is a better home. Bit of sarcasm there, but think if Wall Street did decide to move out of the US lock stock and barrel.