On Jan 23, 2009, at 7:06 AM, Charles Bennett wrote:
On Jan 23, 2009, at 9:18 AM, Jared Earle wrote:
On 23 Jan 2009, at 14:13, Charles Bennett wrote:
In so much as Obama wants to effectively nationalize the banks and
the
health care system and take an ownership stake in the car
industry I
hope his attempts fail too.
You'd rather the economy crash further than be wrong?
Surely you should be wishing for a full recovery regardless of what
medicine it takes ...
"regardless" ?
Of course not.
"regardless" is a Faustian bargain that doesn't actually lead to
more freedom long term by the promise of increased nanny state care.
It leads to wasteful squandering.
You want the folks that are managing the debacle of the first TARP
fund to manage the banks, the auto industry and the housing?
OMG, are you kidding me? I'd sooner give a teenager a bottle of
whisky and the keys to my car. He would be more responsible..
Besides, the CBO predicts that the recession will end in 2010 before
even half of the so called stimulus money will be spent
but, oddly, just in time for the 2010 house of representative's
election to spend it on pork. The projects spreadsheet are here.
At the beginning of 2008 the CBO predicted we would not enter a
recession in 2008.
One thing that's clear from this debacle is that economists don't have
a fucking clue what will or won't happen - they work in hypotheticals
and are largely driven by philosophy and ideology. I'm sure we can
agree on that much. The one thing economists seems to agree on is that
what's happening is big, dangerous, and will leave far more damage in
its wake than a typical, cyclical recession.
So do you really think the answer is to just do nothing? I'm curious.
It's a tempting notion of course, but one that reeks of free market
faith. And what does doing nothing solve for the millions of homes
that will be lost before this recession is over? One big difference
between the parties seems to be the level of compassion for the
individuals affected by losing their jobs and homes - sure, in the
long run it'll all correct, and on paper you don't see the pain, but
to me there is a moral issue with allowing millions to have their
lives destroyed who have done nothing wrong but participate in the
system which they have been raised in._______________________________________________
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