Are you referring to the large ownership of banks, investment houses and the auto industry by the U.S. government?
Yes. It's not only the ownership it's the whole GSE concept that bothers me. The inevitable consequence is what happened with Fannie and Freddy. If businesses knew they'd pay for their mistakes they wouldn't make so many. Instead, tax payers are paying CEO bonuses and propping up pensions. It's shameful and it will be expected in the future. I don't want people living in the streets or starving but the amount of handouts is staggering and far, far too generous. Trillions, man. TRILLIONS. I get excited(in a bad way) just thinking about it. I'm all for tax breaks but the practice of singling out American cars for these breaks over the years was a really bad idea. It made the UAW far too powerful. Now we'll be doing it for alternative energy sources companies. The watchdogs should be all over this but nobody talks about it. Economics is boring and everybody thinks it'll just be the rich that pay for it. Yeah, well. We are losing rich people very quickly and the people that stay rich are guarding their cash like a jealous lover. The middle class will pay for it like we always do. Rant over -still whimpering a bit though... dj On Thu, May 21, 2009 at 5:03 PM, gruff<[email protected]> wrote: > > "... On May 20, 5:08 pm, Don Johnson <[email protected]> wrote: ..." > >> India and probably China as well are more likely to be the main >> drivers of the emerging world economy then we are. Their leaders seem >> to have a solid understanding of basic macro-economics our leaders >> don't. > > This may very well be true as industrial manufacturing is the backbone > of most free-market economies and both countries have a huge and cheap > labor base. I feel fairly certain India will rise to the occasion > nicely but I have my doubts about China, which is still a dictatorship > and I'm not very certain that a free-market economy can survive and > grow in such a dictatorship. What seems more likely to me is that > China will have a revolution (non-violent for the most part) and > become a democracy. Then they may take the lead along with India and > a few other nations which are coming into their own economically very > rapidly. > >> A slow but steady transfer of the commanding heights of >> industry to the State's control is stifling capitalism. Legal >> capitalism that is. The black market insures capitalism will survive >> no matter what the rules say. > > Are you referring to the large ownership of banks, investment houses > and the auto industry by the U.S. government? I don't think it will > stay that way. The fashion in which the bailout was constructed was > to get the ownership of these entities back in private hands as > quickly as possible. Obama is a liberal, of course, but I believe he > is moderate and can see that government ownership of business does not > work well at all. I see the U.S. pulling out of their capital > positions rather quickly -- just as soon as these institutions can pay > off the bailout debt. > >> As you say, this will turn around eventually much as it has in Russia >> and I suspect when we do it it will be more orderly and less >> controlled by criminal elements. Unfortunately I don't see this >> happening within the next eight years. > > I disagree but have no solid evidence in support. It's more a hunch > based on a lengthy study of economics and politics, especially during > the last two years. I think we'll be well on our way to recovery by > the end of this year and into decent growth and properity by 2010 or > 2011 at the latest. But again, I could only build an argument for > this using anecdotal evidence. Nothing rock solid. > >> I'm all for nukes as well but we should have started building them 30 >> years ago. The formation of OPEC should have sealed the deal. >> Ridiculous government restrictions prevented this from happening. >> It's one of congresses biggest failures in my opinion. > > Agreed. But our nuclear industry had it's head up it's centrifuges. > Europe came up with a good design and built a slew of nuke plants on > that same design. Here in the U.S. each and every nuke plant is a > totally new design. To me it was an asinine means of approaching the > industry. > > On another front, we don't seem to be able to build even one clean > coal power plant, yet China is building one a month and has been for > the past year or so. Yup, clean coal technology is here and we're > ignoring it. > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Minds-Eye?hl=en -~----------~----~----~----~------~----~------~--~---
