10 comments

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  dscott

  7 months ago

  And that's why ultimately government bailouts, subidies and other financial meddling is self defeating. Where does all this money come from? All money from taxes and the sale of bonds come from the private sector... So what's left to invest in plant and equipment?
  
  The only way left for government to obtain more money is to print it, which they have started doing. http://conservablogs.com/publiusforum/2008/12/0...
  
  Adjusted Monetary Base: http://research.stlouisfed.org/publications/usf...
  From where did the $650 billion since September come from????
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  dscott

  7 months ago

  Here's Fred Thompson's take on this: http://www.youtube.com/watch?v=RKc4XFK0iVY
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  Big E

  7 months ago

  Wouldn't subsidizing all these mortgages keep demand and price artificially inflated and basically start blowing up a new housing bubble before the old one even burst?
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  TylerNull

  7 months ago

  How To Kill the Credit Markets -- Ben&Henry's Scheme:
  
  * Fed, as THE lender, nationalizes corporate debt;
  
  * TARP isolates this debt from Fed balance sheet so Treasury still appears solvent;
  
  * Treasury auctions treasury debt (Ts) to fund TARP;
  
  * Holders of TARP's Ts, seeking safety, hoard cash to buy more Ts;
  
  * Repeat.
  
  
  Thus, private & corporate credit shrivels up & dies leaving the Fed to lend, and the Treasury to owe, everyone everything. Whenever I hear the federal wizards talk of their "infinite" balance sheet, it reminds me of the "Untouchables" scene where, scrawled in the victim's blood, was "Touchable". Here's it's ... "FINITE".
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  Nancyf

  7 months ago

  The republicans are still working on shrinking the gov. so they can drown it in the bathtub. If they destroy our gov.....can we go to war on them for treason since the law won't do anything? If we have no gov. we got no law either....by necessity we will be reduced to vigilante law.
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  Cori

  7 months ago

  you really don't have a clue, do you?
  
  You somehow think it's going to wind up somehow better by giving "evil people" more power to govern other "evil people?"
  
  After all, don't all leftists believe all people are inherently evil, greedy and generally horrible? Wouldn't that also apply to politicians, since of course they are also human themselves... ?
  
  Unless politicians are really aliens from another planet, which I don't have much trouble believing...
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  Nancyf

  7 months ago

  I think they should all be required to obey the law and punished by it when necessary. Not given MORE to destroy. Bush tied the FTC's hands when it came to prosecuting crooks in business and in Wall street. What did you expect other than chaos? Maybe you will learn by experiening honest people's pain by living and walking in their shoes for a bit. Maybe sooner than you think. That what ye sow, also shall ye reap.
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  hoobie

  7 months ago

  Benjamin Disraeli, the preeminent statesmen of the 19th century, said "when men are pure, laws are useless, when men are corrupt laws are broken". The implication there is a nation's security and prosperity aren't determined by laws, it's determined by people's character. We're becoming more lawless not because we don't have enough laws, but because each successive generation has less character than the one that preceeded it.
  
  The government we have is stupid, corrupt, and lacks efficiency in everything it does. Letting it grow bigger and unchecked is akin to loosing a retarded elephant with rabies in a shopping mall. If it keeps growing like a cancer, soon there won't be an ocean big enough to drown it in, much as we might like to.
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  Nancyf

  6 months ago

  I agree with your assessment of the corrupt characters we have. And yes, if men truly followed the bible we wouldn't need laws. On the other hand, much like money we can't live with gov. and we can't live without it. But, without enforcement and punishment of the law we have no Justice. And without Justice there will be nothing but chaos. Would you really like to have to sit by your door every night with a shot-gun to protect your property? 'Cause that is what we would be reduced to without any government.
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  bostonblacky7

  6 months ago

  TIME TO FLUSH THE FED DOWN THE TOILET
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