Law Dean Tom Campbell speaks on current economic crisis
Professor Tom Campbell, dean of the Chapman University School of Law, appeared Monday, August 8 on San Francisco’s ABC affliate station KGO’s evening news, in a story where he put the current economic crisis into a bit of perspective.
“The remarkable and somewhat paradoxical thing is the safest investment is still the U.S. treasury bond,” said Campbell, who is also a former GOP Senate candidate.
Campbell says that compared to the rest of the world, the U.S. ratio of total debt to total output or GDP looks pretty good — 67.9 percent in the U.S. compared to 79.7 percent in the United Kingdom, 86.7 percent in France and 76.7 percent in Germany. And they all still enjoy AAA ratings, at least for now.
“As they go back and look at other countries they may very well put them at AA-plus ratings as well,” said Campbell.
See the TV clip and story here: http://abclocal.go.com/kgo/story?section=news/politics&id=8296371