184. Dave Surls (responding to Albert) wrote:
“I thought it was those clever right wing, cowboy capitalist risk managers at places like AIG that brought your economy to its knees?”
As of 2008, we had the 5th highest per capita GDP(PPP) in the world, according to World Bank figures, and the countries that exceed is are all very small (Norway and a few very small countries like Singapore have better numbers). U.S. per capita GDP is $46,716, Canada, by way of comparison is #12 on the list with a per capita GDP(PPP) of $36,444.
Peter writes: You forgot to also mention it was the regulations (or lack of enforcement there-of) by Democratic politicians that allowed companies like AIG to get themselves into the situation they did where they could threaten the economy.
If Bush had been allowed to make the reforms he tried to implement around 2004-06 instead of being opposed at every turn by the Lib Dems just because the ideas came from Bush no matter how bad or good they were, we would never have had the houseing meltdown and bank bailouts and other problems that precipitated the recession.
Thanks again Bawney Fwank, Nancy Pelousy and The Won (I vote present) when he was Jr Senator.
