Every adult in America needs to read the article I posted at
10:21 last night. It describes exactly what has happened and what
needs to happen to solve the problem our country faces. We can
decrease our standard of living and be just fine and make it
through this hard time. But if government steps in and tries to
help then the doom and gloom scenarios posted by other members will
become reality. Encourage everyone you know to read this
artcle.
randy -- just read the article. Of course I know this and
other people know it as well, but you're right, it is a very good,
succinct description of the propblem we face. Unfortunately
it is apparently politically unpalatable to do anything regarding
the economy except make heroic efforts to keep people from feeling
pain...
Posted by junkmaylbox on 10th of Feb 2009 at 10:08 am
I don't think we need to rationalize the US government's action.
Obama chose the same kind of people we had in the Clinton
administration. During those years China and Japan were heavily
favored in our foreign trade. Now Chinese and Japanese own the
majority of the US national debt, hence they dictate the terms of
our economic policy. Why would anybody wonder then that we are
following the Japanese model of handling the debt bubble crisis? As
Matt says, keep it simple!
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Every adult in America needs
Posted by randy on 10th of Feb 2009 at 08:10 am
Every adult in America needs to read the article I posted at 10:21 last night. It describes exactly what has happened and what needs to happen to solve the problem our country faces. We can decrease our standard of living and be just fine and make it through this hard time. But if government steps in and tries to help then the doom and gloom scenarios posted by other members will become reality. Encourage everyone you know to read this artcle.
randy -- just read the
Posted by Michael on 10th of Feb 2009 at 09:18 am
randy -- just read the article. Of course I know this and other people know it as well, but you're right, it is a very good, succinct description of the propblem we face. Unfortunately it is apparently politically unpalatable to do anything regarding the economy except make heroic efforts to keep people from feeling pain...
Good
Posted by ravun on 10th of Feb 2009 at 09:31 am
article and accurate...
I don't think we need
Posted by junkmaylbox on 10th of Feb 2009 at 10:08 am
I don't think we need to rationalize the US government's action. Obama chose the same kind of people we had in the Clinton administration. During those years China and Japan were heavily favored in our foreign trade. Now Chinese and Japanese own the majority of the US national debt, hence they dictate the terms of our economic policy. Why would anybody wonder then that we are following the Japanese model of handling the debt bubble crisis? As Matt says, keep it simple!