Actually, the economic downturn is more due to junk mortgages and loans sold to people who cannot afford to pay them.
They went down, so the loan sharks no longer had the income they were banking on, and financial institutions build on artificial money via Interest imploded.
Government spending is inflated, and if that gets back to my taxes, it means money is going to the tax man rather than the economy, and the economy would be in even worse shape.
It might help or hinder McCain, but spending related to the war, as massive as it is, is probably miniscule next to overall spending of the nation.
Of course, Chrystler and other companies shutting down and manufacturing operations moving overseas doesn't help either.
Nobody paid, nobody to spend, no fuel for the economy.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
(no subject)
Date: 2008-03-19 07:43 pm (UTC)They went down, so the loan sharks no longer had the income they were banking on, and financial institutions build on artificial money via Interest imploded.
Government spending is inflated, and if that gets back to my taxes, it means money is going to the tax man rather than the economy, and the economy would be in even worse shape.
It might help or hinder McCain, but spending related to the war, as massive as it is, is probably miniscule next to overall spending of the nation.
Of course, Chrystler and other companies shutting down and manufacturing operations moving overseas doesn't help either.
Nobody paid, nobody to spend, no fuel for the economy.