On Thu, Jan 8, 2009 at 3:24 PM, Gruss Gott <[email protected]> wrote:
> > RoMunn wrote: > > He's saying wealthy people should give their money to the poor so the > poor > > can buy cheap goods from China, which I though he was against, because > we're > > funding China building out their industrial base while we make ourselves > > poorer every year. > > > > I'm saying that 70% of our economy is consumer spending based and that > needs to be replaced by someone or something. At the same time we > need to fix our broken financial system as well as put regulation in > place to stop the peaks and valleys because the public won't tolerate > them. > > The Chicago School is dead. > > Supply-side is dead. > > Laissez-faire is dead. > Your definition of laissez-faire is when Democrats in Congress tell Fannie and Freddie to make more loans to poor people who can't afford to repay the loans, and then cry foul when those loans go bad. That's not laissez-faire, it is just another example of economically illiterate politicians putting ideology before sound reasoning, to disasterous results. And don't start with derivatives. The house of cards was built on a foundation of mortgages, and when the mortgages soured, the house of cards fell down. > As for Sam's point about Bush's "scare" it's not even close to over. > We're barely through phase 1 and phase 2 is coming and it'll be 50% > larger. And this time not only will it be larger but the world > economy will be weaker and China won't help us. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:284265 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
