Don King: “We in a Depression - Not a Recession!”

[BIGPOPPAPUMP]

Don King, the self proclaimed “World’s Greatest Promoter” tells BoxingScene.com the economic problems that currently plague the world are causing desperate times that call for desperate measures. As a result, King is of the opinion that President Barack ***** should be given all the power he needs to right the American financial ship. [details]

[F l i c k e r]

He be "CRAAAAAAAAAAAAAAAAAAAZAAAAAAAAAAAAAAAY"

[J.B.moneY.]

blame bush and the **********s for this financial mess

[Motofan]

blame bush and the **********s for this financial mess

I hope that was a joke. Both sides are so dirty in this that it's laughable. And it continues...

[BarrySlisk]

Blame ****** socialist politicians and their ****** socialist voters.

[jagass]

Don King has a point...

[Zaff101]

blame bush and the **********s for this financial mess

Blame the banks for lending to people who were in no position to pay the money back (the 'sub-prime' sector).

Blame national manufacturers and corporations for outsourcing their manufacturing bases abroad to cheaper countries.

What happens?

The credit supply runs out, people can't afford to buy things anymore. The items that people bought are then no longer being produced in China/India etc because the demand has diminished. Consequently, the companies go bust and can't re-locate back home because their own manufacturing bases disappeared when they outsourced the work to cheap, foreign labour (who are no defunct).

Mass unemployment, no money and a recession.

[J.B.moneY.]

supply side conservative economics DOES NOT WORK!....giving tax breaks to the richest 1% of americans is the dumbest economic theory ever!.....when was the last time we had a budget surplus, peace and prosperity...ummm a ******** bill clinton...and ***** has some of the same people.....oh and i think the 90's were good for boxing i remember

[poontango]

blame bush and the **********s for this financial mess

Motofan is right. Get out of the left vs. right paradigm. The parties are one and the same. Both bought and paid for by finance oligarchs foreign and domestic. And dont listen to that corrupt ******* DonKing...this is the same guy that groomed Bush's stool for the 8 years that he was in office...fliiiip flooop...

I think you'll find this film useful.

http://video.google.com/videoplay?docid=7886780711843120756&ei=rkLUSbqnEpLUqAOQs4WgAg&q=the+*****+deception

[poontango]

supply side conservative economics DOES NOT WORK!....giving tax breaks to the richest 1% of americans is the dumbest economic theory ever!.....when was the last time we had a budget surplus, peace and prosperity...ummm a ******** bill clinton...and ***** has some of the same people.....oh and i think the 90's were good for boxing i remember

You have such a superficial grasp of history its painful. It was under the Clinton administration that they dismantled the Glasse Steagal act that allowed the deregulation of the banking system and allowed them to issue the derivatives that are going to sink the economy.
The solution?
World government and global currency.

Wise up man.