So who is at fault for our economic crisis?

Discussion in 'Free Speech Alley' started by DownOnTheBayou, Oct 22, 2008.

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  1. PURPLE TIGER

    PURPLE TIGER HOPE is not a strategy!

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    Gas prices have dropped $1.50/gallon even though the war is still going on.

    So is it the gas or the war that you have a problem with because they don't seem to go hand in hand?
     
    PURPLE TIGER, Oct 23, 2008
    #11
    1 person likes this.
  2. Rex_B

    Rex_B Geaux Time

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    It has to be the Liberals! haha
     
    Rex_B, Oct 23, 2008
    #12
  3. red55

    red55 curmudgeon Staff Member

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    Wars do cause oil prices to escalate and often cause economic crises as well. But the current crisis is a result of fiscal mismanagement by government and the financial industry. The war and the ongoing world oil depletion just complicate the situation.
     
    red55, Oct 23, 2008
    #13
  4. Tigerbnd05

    Tigerbnd05 National Champs 2003 2007

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    Wars also cause Economic up-turns. See World War II for example, that brought us out of the depression.
     
    Tigerbnd05, Oct 23, 2008
    #14
  5. red55

    red55 curmudgeon Staff Member

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    It also bankrupted and finished an international Superpower -- Great Britain.
     
    red55, Oct 23, 2008
    #15
  6. Tigerbnd05

    Tigerbnd05 National Champs 2003 2007

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    I was just making a point it goes both ways, I never contradicted your point. see the word "also" in my post. I have no intention of saying this war brought economic up-turn in the US. I agree that it has actually hindered the economy to a degree, just playing devil's advocate with you.
     
    Tigerbnd05, Oct 23, 2008
    #16
  7. mobius481

    mobius481 Registered Member

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    Correlation is not the same as causation. Read "Freakonomics" and this concept will become more clear.
     
    mobius481, Oct 23, 2008
    #17
  8. gumborue

    gumborue Throwin Ched

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    wow. i'll have to remember that. itll get some chuckles around the thanksgiving dinner table.
     
    gumborue, Oct 23, 2008
    #18
  9. Ch0sn0ne

    Ch0sn0ne At the Track

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    LOL, glad to provide that for you and your family.


    Ok,ok so direct is a bad choice of word. Let me try again.

    The war was the spark that lit the fire and gas prices are the Santa Ana winds.

    Better?

    Probably not, but I'm just throwing it out there. You guys can go read you spin books and listen to your political gurus tell you what they think. I'll stick with what I see with my own eyes.
     
    Ch0sn0ne, Oct 23, 2008
    #19
  10. Bandit88

    Bandit88 Old Enough to Know Better

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    To get back to the question at hand and answer the title of the post...

    The answer is: Yes.
     
    Bandit88, Oct 23, 2008
    #20
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