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The Next Economic Bubble
By Laura Knoy on Tuesday, March 11, 2008.
From the dot com craze to the most recent real estate boom, our guest says the economy might be rising – and falling – more on belief and perception than on reality. We’ll trace the history of booms, bubbles, and busts, why they seem to be getting more frequent, and which emerging industry could become the next great bubble. Guests
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Why does everyone blame the housing loan institutions for the deep economic losses going on in the country? In northern New Hampshire there are more and more jobs being lost due to the paper mills closing and paper being made in other countries. Now; I find it hard to believe that the economists feel it is the housing industry to blame. Most people who are not able to make mortgage payments; cannot do so becuase they have lost their jobs. I would place the blame on NAFTA. Last month 63,000 jobs were lost. How many people in the country need to loose their income for the wealthy to feel the pain? The president, congress and the senate are giving us some of our tax money back to boost the economy; if a family is behind in their home mortgage, do they think that family is going to spend the money or pay behind mortgages? I feel it is time that NAFTA is overturned and bring manufacturing jobs back to the United States. Wake up Americans! The blame is being placed in the wrong place and the Wal-Marts and other huge retail stores are reaping huge profits while Americans are loosing their homes, jobs, and everything else they have earned.
I feel that I am writing this and it will not be aired because most of the media is for the liberal Democrats rather than that of the true Conservatives.