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Originally Posted by strandinthewind
The records indicate the fraud was conceived and begun during Clinton's regime and continued into W's. So, you have to fault both of them.
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Well, when people make money they spend it and when they have no money they cannot spend it. Again, there are many articles out there that demonstrate the loss of jobs due to these events was astounding and had it not been for lower interest rates and housing appreciation, the economy would have failed even more.
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How could the loss of a significant amount of demand not have a detrminental effect on the jobs hired to meet that demand  Of course it did. |
I dont see how you can fault Clinton if he didnt know about it--the whistle blowers only acted during Bush's term
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again, I believe the people that lost jobs from those two companies were absorbed back into the work force.
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I am saying that its far more likely that companies laid off people due to offshoring rather than a drop in demand. Depending upon the company, I think demand was the same (unless you're talking luxury goods)
people still need food/clothes/housing/etc.....