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2009-01-26 Home Front Economy

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Posted by tipper 2009-01-26 12:56|| || Front Page|| [1 views ] Top

#1 Someone characterized the Obama plan as a massive transfer of wealth from the politically unconnected to the politically connected.

Posted by phil_b 2009-01-26 17:36|| 2009-01-26 17:36|| Front Page Top

#2 You want to restore the credit flow - restore integrity.

You fire the regulators who sat-by an did nothing to enforce margin and backing for trades because they were compromised just like Arthur Anderson was by Enron [familiarity breads contempt of the system].

You fire the regulators who put imagined paper growth over the integrity of the system if that meant a down turn in the markets.

You prosecute politicians who used their influence and friends to undermine sound fiscal practices for non-fiscal social programs.

Until you address these key failures, you can keep printing and pumping paper into the markets and they'll respond like a dead frog leg to an electric stimulus. You'll get twitches but no life in the creature.

Posted by Procopius2k 2009-01-26 18:20|| 2009-01-26 18:20|| Front Page Top

#3 You confirm Tim Geithner as Treasury sec..... oh wait.

Posted by Besoeker 2009-01-26 18:44|| 2009-01-26 18:44|| Front Page Top

#4 At some point you also have to address the unidirectional growth of government spending and the regulatory state. There are limits, if we've not reached them we will in a few yeas.

Posted by AzCat 2009-01-26 18:45|| 2009-01-26 18:45|| Front Page Top

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