Linked by David Adams on Fri 29th Jul 2011 03:15 UTC
In the News Apple is now more liquid than the United States government, the Financial Post reports. As the government struggles to resolve the debt ceiling debate, the operating balance in Washington is at US$73.768 billion and falling. Meanwhile, Apple has US$75.876 billion.
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RE[3]: Comment by Jennimc
by porcel on Sat 30th Jul 2011 17:16 UTC in reply to "RE[2]: Comment by Jennimc"
porcel
Member since:
2006-01-28

Bullshit numbers pulled out of nowhere.

http://www.nytimes.com/interactive/2011/07/28/us/charting-the-ameri...

Look at the real numbers and who got the US into its current situation.

Obama just inherited from war-happy Bush a huge national deficit blown out of all proportion caused by its overextended military presence abroad and its fiscal policy of taxing the middle class and the poor while giving huge tax breaks to the very rich.

Of course, Obama had to spend to try to get the US out of the worst financial crisis since the Great Depression. But do not forget that this crisis was caused by a financial sector run amok during the Bush years due to lack of regulation. The current situation is the great legacy of the Republican party and the Bush presidency.

Those are the COLD HARD FACTS.

Edited 2011-07-30 17:17 UTC

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