Thursday, January 24, 2008

Donald Trump Blames The Recession On The Oil Companies

Donald Trump considers the latest recession for the American economy on the oil companies and blames the White House for failure to address greed in the oil industry. However with the Bush Administration largely comprised of oil industry interests, any action their part to deal with this is highly unlikely. Since oil is a comodity some investors are making huge profits by pushing the price of oil up on the world commodity markets.

Trump is also critical of the Bush tax rebates to spur the economy. He believes many Americans will simply buy some consumer product manufactured in China and only send more U.S. dollars overseas rather than really invest in America.


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