Can you understand the trillion bucks it cost to 'bail-out' the banks after their ponzi scheme bubble exploded and the absolute meltdown of the global economy and what effect that had?
Do you believe that if you allowed the banks to go titters, that no one would have lost their homes? The economy would have been A-Ok?
Who were the people buying the over-inflated homes? Did they have a gun top their heads?
I actually don't agree with how it was handled (should have charged all the execs with fraud and seized all their assets) but the financial crisis was what ran up the debt. The US currency was highly devalued and tax revenue dropped by 20% due to unemployment rates.
I disagree. The US dollar was over-valued at the time (in my opinion) particularly in comparison to the mounting trade deficit that was developing.
And I would encourage everyone to boycott your products...go sell your $200 sneakers to the people you pay 25 cents a day in China, see how far you get.
Funny... The made-in-America products will see those $200 shoes jump up to $400-$500... I can't imagine that too many will buy them, so we'll just observe yet another bankruptcy and the mass layoffs to go with it