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kenmabmcc
Joined: Nov 20, 2003
Posts: 8179
Location: Dunedin, New Zealand.
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 Posted: Sat Mar 28, 2009 5:56 am Post subject: "The Number Zero, Brought To You By The Party Of N-O," |
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Gezzer
Joined: Oct 19, 2008
Posts: 666
Location: Buckinghamshire England
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| Posted: Sat Mar 28, 2009 6:34 am Post subject: Re: [Login to view extended thread Info.] |
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and was brought to you by the 'letters' N and O and the 'number' 0 … |
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tony7914
Joined: Dec 24, 2004
Posts: 4965
Location: Peru Indiana
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| Posted: Mon Apr 06, 2009 9:12 pm Post subject: [Login to view extended thread Info.] |
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The reality is that “no” is often the proper response. Progressive Republican Herbert Hoover was the first economic activist president in our country’s entire history. The man, contrary to popular opinion, was contemptuous of laissez faire capitalism. Franklin D. Roosevelt was merely Hoover on steroids. The American public was conned by a very left-wing and government influenced media and intellectual class to believe that politicians should “do something” during an economic downturn. It is very difficult to destroy the idiotic myth that FDR “saved capitalism.” Nonetheless, this is exactly what we must do. This is a struggle that cannot be avoided.
For a country with a negative net worth of $59 trillion, it’s a little strange to be poking fun at the people who said no to this spending spree. |
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Gezzer
Joined: Oct 19, 2008
Posts: 666
Location: Buckinghamshire England
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bern
Joined: Mar 12, 2007
Posts: 1432
Location: ann arbor
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| Posted: Wed Apr 08, 2009 10:14 am Post subject: [Login to view extended thread Info.] |
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He does make some interesting points. A big one, in my listening, is that socializing the economic losses of business/banking is a "bad thing".
That is just what many of us here have been saying.
Otherwise, I think he is overstating the seriousness of the situation at present; but it could get as bad as he thinks it is if we continue on the mega-spend course we have begun. The Argentine crises he talks about were government caused, and I think he is warning about us doing the same. |
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