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. ----- Original Message ----- From: "Geoff Flight" <[email protected]> To: "'ProFox Email List'" <[email protected]> Sent: Saturday, January 31, 2009 8:03 AM Subject: RE: [OT] Obama Gives Keynes His First Real-World Test >< This ratio has to be worked off before our > economy can recover.> > > in a viable functioning economy that may be true but in the current barely > functioning one that is a luxury that is not acheivable. This isn't about > trimming the sails on the ship of state or making a course correction. > This > is the titanic and it has hit the iceberg and going down. The fight is to > keep it afloat by all means possible. > > _______________________________________________ Post Messages to: [email protected] 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/072a01c98574$c9013590$6401a...@dual ** 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.
