Posted in the St. Louis Forum
#1 Jan 26, 2013
I was just wondering, how is the economy there?
Who do you think is the cause for our bad economy?
Saint Louis, MO
#2 Jan 26, 2013
Just like everywhere else, It sucks.
I guess you would have to blame the politicians since they are in charge of everything.
#3 Jan 27, 2013
The origins are bad loans to people who don't know how to manage decent incomes and a president who stood to profit from wall street collusion to drastically raise the price of oil through speculation and insider trading tactics. Fuel costs drove up prices right away, then when fuel dropped by a quarter nothing came down, then as gas rose so did other goods, the same price increase added to the first one, all of which drove down consumer buying power, which snowballed the whole thing. People couldn't buy so people got laid off, more housing problems, loss of constructioon contracts, less spending, more layoffs, stagnating pay for 10 years. Add that to the get rich quick attitude upper management in many industries display at the expense of fair treatment of labor and long term sustainability without drastic cutbacks and you've got an economic disaster that the idiot in chief thinks can be solved with cheap mexican labor from open borders and by expanding welfare rolls 100% or more and by giving money to billionaires. Good luck, idmove to canada ifit was warmer.
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