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Default economist blames wall street for collapse

On Sun, 09 May 2010 14:38:02 -0600, Canuck57
wrote:



Quite true. Not just the Germans either, Japan too. There the unions
are expected to and do consider the health of the company and it's products.

You also have a far more frugal society in Germany. They actually have
private savings, beyond what the pension plans save for them.


True again. US is a net debtor society.


and it has no unions. the germans, with their strong unions, have a
net positive current account balance

Totally out of balance. I
used to think mortgage deductability was good, but it causes people to
be 55 and in debt on their home. If you manage your finances at all, by
early 40's you should not be in debt at all.


blah blah blah...right wing bull****.

 
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