Article

2009-03-29 Economy

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Posted by Fred 2009-03-29 00:00|| || Front Page|| [11127 views ] Top

#1 I don't give a rat's ass who wrecks it, as long as it is well and truly DEAD.

Scratch a "global" anything, find a tranzi.

Posted by Barbara Skolaut">Barbara Skolaut 2009-03-29 00:15|| 2009-03-29 00:15|| Front Page Top

#2 Back to the glowball carbon cap and trade get rich quick scheme. That's where the 'real' phoney money is anyway.

Posted by Muggsy Glink 2009-03-29 00:50|| 2009-03-29 00:50|| Front Page Top

#3 Barbara, despite it's source, it's actually a good idea.

The main problem with the current stimulus packages is they direct money to the usual spongers, whiners and special interest groups, which makes them grow in size and means they will demand even more money in the future. The hardest thing for a government to do is to stop giving money to a special interest group.

Brown's plan cuts taxes, which means the stimulus comes from people who earned the money and is (much) more likely to result in longer term investments.

And when people talk about "radical reform" of capitalism, you should be seriously worried.

Years before this crisis erupted, it was common knowledge in the investment world (I was aware of this) that the cost of 'insuring' certain extreme risks was heavily discounted because it was assumed the government would bail out the party in trouble. And lo and behold thats' what happened.

Posted by phil_b 2009-03-29 01:54|| 2009-03-29 01:54|| Front Page Top

#4 Brown's plan

Lets look at the record, phil_b

Posted by g(r)omgoru 2009-03-29 04:08|| 2009-03-29 04:08|| Front Page Top

#5 Nicolas Sarkozy, the French president, has insisted that "radical reform" of capitalism is more important than tax cutting.

If found to be accurate, I'd have to give Sarko a failing grade on THAT statement.

Posted by Besoeker 2009-03-29 08:38|| 2009-03-29 08:38|| Front Page Top

#6 Read the other article Tipper found from the Atlantic. Tax cuts would certainly be useful, but the international order has indeed been living beyond its means. Whether that means you have to nationalize the banks to clean them out (and then re-privatize them), whether you have to change the actors in charge, etc., one root problem here is the lack of confidence. Nothing Bambi, Brown, Angie or Sark do will matter until that gets fixed.

Posted by Steve White 2009-03-29 11:38|| 2009-03-29 11:38|| Front Page Top

#7 DuckTales on Stimulus

Posted by 3dc 2009-03-29 12:34|| 2009-03-29 12:34|| Front Page Top

#8 Let's try Communism for a change. Maybe it will work this time.

Posted by SteveS 2009-03-29 13:28|| 2009-03-29 13:28|| Front Page Top

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