Posted on 11/07/2008 7:38:30 AM PST by TigerLikesRooster
Jack-of-all-trades? Looks to me like he concentrates his interests in the financial world.
ping
You should listen to the economists when they predict recession. They’ve successfully predicted seven of the last four recessions.
Now that Obama’s going to be President, the MSM should start pumping out the “good” economic news - they’ll put a positive spin on the worst news the economy brings. Maybe these folks didn’t get the memo.
The reason that the predicted collapse of the bubble was wrong for so many years was that no one could have foreseen a FED chairman, Greenspan, who both thought that inflating the bubble in perpetuity was a good thing and also was so resourceful in pumping credit into the system to keep it going. An economy is not a soufle where you can pull it out of the oven at just the right time.
Ron Paul is looking pretty darn good at the moment.
This guy may be right, but keep in mind that interest rates on U.S. Treasury bills are extremely LOW right now. When a business or government is facing possible bankruptcy, the interest rates they must pay to lenders climbs through the roof.
That is the simplistic and short sited view that led to the debacle we face today. In the NAME of free trade we outsourced all our manufacturing jobs to the third world where manufacturing wages are really slave wages. We then THOUGHT we could continue to sell the products at the SAME price as before and keep the profits. Worked for a while but then only because easy credit allowed it to. When we couldn’t sell all the houses we were building we found some more customers by moving into subprime. Now the bubble has burst and the world is facing deflation like none we’ve seen since the great depression. We have an income problem, pure and simple. Thats why we lost the election. Joe the Plumber knows it. All small business knows it. I even think Wall Street might be realizing it. Exporting jobs cannot sustain the standard of living in america. Those who thought the “new economy” would replace manufacturing wages were, and are idiots. BRING THE JOBS HOME. TO HELL WITH THE TRANSFER OF WEALTH OVERSEAS. What part of the current economic crisis do we not understand? We are out of money, broke, bankrupt because the Chinese, Japenese and Shieks have all our money.
I don't know how a libertarian will get us out of this mess. The point of libertarianism is not to get into the mess in the first place through a sound money policy and balanced budgets. But those prescriptions are not very popular when times are good.
"$3T through the UN, you say, and make Sharia law replace the Constitution? OK. done.
Another $10T to the 57 states? You got it, Brother Ahmadinejad!
10,000 Nukes to all of the 57 states? Destroy the rest? You got it!
"All our guns -- no problemo. We were already working on that."
HF
Worth mentioning again, lol.
Perot was indeed a visionary. Too bad NWO Poppy Bush's henchmen leaned on him and forced him to tone down his campaign...and I mean toned waaaaay down.
If it turns around and the economy booms...
Since the creation of money in this economy is directly tied to the creation of debt the "economy turning around and booming" is only possible at such time that credit creation equals or exceeds the rate at which it was clipping along right before the bust. I see it neither growing or even equaling the prior rate anytime soon and that's not a murky looking glass prognostication by any means...
Stock market down 80% since 1990 peak...golf memberships down 95%...but we have no savings for govt to spend on infrastructure like Japan has...
Unfortunately, for us, few folks in DC know how to generate ‘growth’.
Nine Percent Nancy said, “The party’s over.’
Who’s going to pay the bar tab? This is gonna be a painful hangover!
I have a question. Any economy can of course stand some outsourcing of jobs and the importation of foreign goods. But when goods and services in general are outsourced, where is the “jobs economy”. When the last job leaves who will turn out the lights? For saving a few dollars on imported junk, we have bought into globalism hook, line and sinker. A country that is devoid of a manufacturing base or high productive jobs is poor country. We are on the road to becoming a third world country.
Preacher who said, “God bless America, no, no, no, God damn America” got his wish on Nov 4.
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