Over the years it seems that the stock market crash as if it has its own anniversary. Millions of people loose their jobs and their homes. What i will mostly talk about is how the U.S. Govt will help our American citizens survive this crisis and the cause of this event. On CNNMoney.com they say the reason for this money problem is Housing dpt in the stock market. I don't believe that is the sole problem. I also believe that outsourcing plays a very big part in this problem. For some that don't know what that is, I will give you a example. Say i owned a company in NY, lets call it company X, and i was paying one employee $100,000 a yr to answer a phone. As a owner i think that's a little to much. what i would do is move my business to another country, lets say India, fire my employees and pay some one from the other country $30,000 a yr instead of $100,000. What i was paying for one person in NY i can get three people in India. There is more to it but that is just a example.
Most of the American people know that America does not really make products anymore. most things are made overseas including most of the cars that we drive in the U.S. I also understand why we should not print more money. From my understanding by printing more money we just flood the market and it makes the value of the dolor less. At the end of the day i think that there is more to this story then the Govt is telling us. In this link Bush talks about unemployment.
Most of the American people know that America does not really make products anymore. most things are made overseas including most of the cars that we drive in the U.S. I also understand why we should not print more money. From my understanding by printing more money we just flood the market and it makes the value of the dolor less. At the end of the day i think that there is more to this story then the Govt is telling us. In this link Bush talks about unemployment.
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