The Depression of 2008

[Archive]

Posted By: Cobby33

"We spend more per pupil than any country in the world." WRONG as to California, which ranks lower than a lot of underdeveloped nations. As for teacher's unions (and no, I'm not in one)- that's not the problem. The problem is putting inept teachers in administrative positions and over-funding those. Teachers remain the most important profession which is grossly underpaid.

"We have been poorly represented by our politicians and have poorly represented ourselves by continuing to believe the unbelievable in electing them again and again." TRUE (to a certain extent).

"A war that costs the US billions a month, almost a trillion this year....a government that fails to address our tax dollars should be spent HERE first to improve our country." YES!

"Gold manipulators inflating the prices because the media does add fuel to the fire." Not true. Gold and other similar commodities have proven their value over thousands of years and hypothetically, if paper becomes useless, precious metals and similar commodities garner much more in trade. "Land ...is far more valuable." Not these days.

"I'm I missing something. Why is 1% of the mortages having this much effect on the total picture ?" I'm not familir with the 1% figure, but in some areas, that figure is drastically higher.