[rabscuttle385]

WASHINGTON – President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.

Compassionate "conservatism" is nothing more than veiled Socialism.

The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations." —Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[wmfights]

WASHINGTON – President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.

The interventionist approach is turning a hard downturn into a chronic downturn. By the time the American people finally figure out that govt can not create a perfect life for you it may well be too late.

I've never worried too much about Fed deficits as long as they were a small % of GDP and there were countries eager to buy up our bonds. However, if we start running Trillion dollar deficits it won't be that long before our bond rating tanks and then what?