President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (102867)	10/7/2011 10:59:42 AM
From: tejek	Read Replies (1) of 149317

What?! France is doing ok you say? Better look again. Their banks are teetering and are only still standing because of the massive infusion of capital. Dexia is undergoing restructuring as we speak and Societie Generale is about to implode. France is rotten to the core. No way you can compare France to Germany. That's like comparing California's bankrupt economy to Texas' oil rich economy. Oh nonsense.......France is a big country. Two banks going under won't destroy it. I was talking about the general economics of the country; not just its banks. France's economy may not be as dynamic as Germany's but its no Italy.......not even close. And as for your analogy........CA vs TX. I would take a CA economy much more quickly over a resource dependent one. Yeah, TX is looking good right now because oil prices are fairly high.......a price scenario btw that is highly suspect. TX's other way of growing is snagging industry from other states. In the meantime, CA grows by developing its own industry. So which relative would you support.......the one that depends on thievery and selling its assets in order to exist, or the one that gets its income through hard work and invention. I know which one would have my backing.

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