The course of American history hasn't been changed by anything short of world war, for centuries. Even those have provided only inflection points. No, the election of Obama is not the end of the world, nor of capitalism. A bear market is not poverty. Unemployment hitting for a year the levels western Europe has lived with for a generation is not catastrophe. This too shall pass.
Once upon a time, conservatives has a better sense of proportion and hard nosed realism than flighty hysterical liberals and their doom mongering panics. Apparently something got into the water and you have all lost your marbles...
posted on 05/05/2009 12:49:19 PM PDT
Printing 4 trillion dollars + of currency (even if it’s electronic) is not a normal business cycle.
posted on 05/07/2009 9:40:53 AM PDT
(We either Free America ourselves, or it is midnight for humanity for a thousand years.)
“Unemployment hitting for a year the levels western Europe has lived with for a generation is not catastrophe. This too shall pass.”
I have been told by a number of folks in finance that if we used the assumptions in calculations that some (germany or france?) countries use for unemployment, we would have their numbers.
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