Quote from elon:
This is the materialistic, consumerist American attitude that was partly to blame for this mess.
speculative bubble in housing was the bait,the scam was the credit default swaps that sold packaged mortgage bonds multiple times on the same mortgages,unregulated,DC had to be in on it or they would be prosecuting,ask your banker to give you a trail on who your loan was sold to,they won't,info is buried ,burned,shredded..big cover up..[makes you wonder why they are stalling on foreclosure]news ever gets out,U S will never be able to sell another bond..thats why they payed up..actually we payed up...goldman,morgan walked away with billionsQuote from Roark:
Not really. The mess was caused by a speculative bubble in housing, not by people that went out and created new businesses that are profitable and a source of employment for others.
Quote from AKUMATOTENSHI:
Any recomendations as what the easiest country to get into is, that does not have a huge debt? Anywhere in Europe is out Canada is an optopn. Just had another outside of the market set back. I can't stand being robbed anymore WTF!!!! I don't want to live ina place where the criminals are coddledand the populus gets to grab their ankles. Looking for a new land to live in. The jobs are never coming back to this country, who is kidding who.
Akuma
Quote from AKUMATOTENSHI:
It seems that with all the service jobs with no way to make any economic headway working. Not getting a college degree and loading up on debt. There is a citizen trap in the US. Unless you win the lottery or get lucky the path to economic prosperity in almost none existant. I used to beleive the crap that was put on CNBC for Larry Kudlow. The smoke machine is out of substance and all the mirrors are broken, ephamistacly speaking. There is really nothing left to sell to other nations and the US has become the worlds underpaid police force. The jobs arte not coming back and there are no public works projects of scale that will get things back on track.
Akuma
Quote from Scataphagos:
Well, perhaps "what's left of the Good Life", for now.
Those fleeing America, I suspect, are NOT doing so primarily because of taxes. They flee out of fear the US government will bankrupt them and perhaps worse.
Those renouncing US citizenship and leaving are as sensible as Jews fleeing Europe in advance of the Nazis.