With what Nicholas said I agree in every particular, except I also see a spiritual insanity dimension that troubles me a lot more than the economic insanity aspect he addresses.
We are going to see some really unthinkable things take place soon, things that make the last eight years of "failed policies" look like a walk in Eden by comparison, things that we thought could "never happen here". - Bob > -----Original Message----- > From: profox-boun...@leafe.com [mailto:profox-boun...@leafe.com] On > Behalf Of Nicholas Geti > Sent: Monday, February 02, 2009 3:27 PM > To: ProFox Email List > Subject: Re: [OT] Obama Gives Keynes His First Real-World Test > > Totally wrong. A recession is the solution to excess. We have to lower > prices to work off the 30:1 leverage. Going into huge debt to try to > maintain status quo will fail. All of the U.S. recessions were gotten > over > quickly except the one handled by F.D.R. That one lasted ten years > because > the govt. was trying to stimulate the economy and prevent prices from > falling more. Bad mistake. Get it over quickly so people can get on > with it. > > Panic is the name of the game now. Like you, it makes people think the > world > is coming to an end. Not so. It is not the Titanic. I don't see people > jumping out of windows or bodies lying in the street from freezing or > starving. If people would compare their standard of living to what they > had > years before rather than against what they expected to have in the > future > they wouldn't worry so much. My retirement has been cut in half but I > still > eat the same, go to the movies, etc. I expect the economy to get back > to > where it was in the next year or two when my retirement will become > important. > > Obama's stimulus plant is bigger than Bush's eight years debt growth > which > that helped get us into the current mess. Now why should spending an > amount > larger than the Iraq war get us out of trouble? That money is going to > be > printed or borrowed. Then wasted on non-productive items. Total > insanity. I > can accept issuing food stamps and such to help the poor survive but no > more > than that. How can we justify giving 20 billion to wall street and then > let > them pay out 18 billion in bonuses. Even bigger insanity. > > A third point is while the govt fiddles around investors wanting to buy > up > cheap property are holding back because they don't know what the next > move > is going to be. Let the free market take over and have real investors > price > the housing market. They will bear the risk of incorrect pricing. > _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/01c801c98576$b6dcf960$2496ec...@rr.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
