UBS AG Message Board
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Exponential debt Not Sound
WASHINGTON (Reuters) - U.S. President George W. Bush, announcing a package of measures to help homeowners struggling to pay their mortgages amid the subprime loan crisis, said on Friday the market turmoil stemming from the problem will take time to play out.
But he said the subprime market woes represent only a small part of the economy and would not undermine what he said were sound fundamentals.
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What I'm trying to find out is what this has to do with Bush's proposal:
"But he said the subprime market woes represent only a small part of the economy and would not undermine what he said were sound fundamentals."
I assumed it has something to do with it since you put that in the post.
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What i put in the post was a contradiction to Presdent Bush's statement that the economy had sound fundamentals.
exponential debt is not sound, any more than it was in the late 1920's. It was his seconf paragraph statement that i was responding to, as the title of the thread indicated.
Saying that the economy had strong fundamentals, was not a proposal. -
What I'm trying to find out is what this has to do with Bush's proposal:
"But he said the subprime market woes represent only a small part of the economy and would not undermine what he said were sound fundamentals."
I assumed it has something to do with it since you put that in the post.
Apparently you could just post any old story - say something on Britney Spears - and then put:
"But he said the subprime market woes represent only a small part of the economy and would not undermine what he said were sound fundamentals." -
<<It has everything to do with the economy not being sound, which president Bush proclaimed the economy was.>>
What has everything to do with the economy not being sound?
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Exponential debt. -
<<It has everything to do with the economy not being sound, which president Bush proclaimed the economy was.>>
What has everything to do with the economy not being sound? -
So what does your assertion about the economy have to do with Bush's proposal? I've now asked this several times.
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It has everything to do with the economy not being sound, which president Bush proclaimed the economy was.
Exponential debt is not sound, thus the economy is not sound. -
So what does your assertion about the economy have to do with Bush's proposal? I've now asked this several times.
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You said "But he said the subprime market woes represent only a small part of the economy and would not undermine what he said were sound fundamentals" after quoting a news story about Bush's proposal. So logically something in that proposal contradicts Bush's claim the economy is not sound. Otherwise why would you post the item about Bush's proposal and then make that statement?
Therefore, you implied Bush was admitting the economy is not sound.
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No, i said that exponential debt was not sound, thus the economy is not sound, which contradicts President Bush's claim of a sound economy. -
You said "But he said the subprime market woes represent only a small part of the economy and would not undermine what he said were sound fundamentals" after quoting a news story about Bush's proposal. So logically something in that proposal contradicts Bush's claim the economy is not sound. Otherwise why would you post the item about Bush's proposal and then make that statement?
Therefore, you implied Bush was admitting the economy is not sound. -
That's not my question. You implied Bush was admitting the economy is not sound. When did he say that?
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No, i did not imply that President Bush was admitting the economy was not sound. I was stating that exponential debt was not sound, thus the economy was not sound, thus President Bush's statment was incorrect. -
That's not my question. You implied Bush was admitting the economy is not sound. When did he say that?
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