I figure my step-father, who was old enough to be my grandfather, rode out the '29 crash, the year he built his/my home and my parents rode out the Great Depression and WWII with affluence so I am saying prayers to my genes!
On Oct 3, 2:10 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote: > On the politics which led to the political bailout: > > [Q] - From where I sit, the United States government has embarked > on two pieces of social engineering in the last few years. One was to > make oil expensive as expensive as possible to drive people to greater > use of alternative energy sources – because anything less would be > irresponsible and destructive to the environment. The other was to > enshrine home ownership (i.e., easy-to-obtain mortgages) as a new > American right – because anything less would be unequal and racist. > > None of us voted on these decisions – indeed, neither was even > spoken about directly, much less debated. But nevertheless, both > became national policy . . .and both have sparked national, now > international, crises. Then, once they became crises, both were blamed > on ‘greedy capitalism’, instead of what they really were: legislative > interference into market forces. . . . To my mind, what makes this > economic crisis different from ones in even the recent past is that it > has exposed the fact that there are, apparently, no real leaders left > in Washington – that the intellectual capital in the National Capitol > has fallen to a new low – if that’s possible. Most of all, it shows > that we can no longer look to D.C. for leadership into the rest of the > 21st century. -http://pajamasmedia.com/edgelings/2008/10/03/the-end-of-an-era/ --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
