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Gold/Mining/Energy : Canadian Warrants Only

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To: I_C_Deadpeople who wrote (8050)	5/10/2009 1:32:55 PM
From: koan	Read Replies (1) of 23091

>> It is fine to stimulate and run deficits in bad times but that can only occur if you run surpluses and save during good times. If you run deficits during good times and even larger deficits during bad times you simply bankrupt the country. Furthermore, the 'stimulus' should have been focused on infrastructure and energy independence which would assist the future economy. What they are doing now is just delaying the inevitable pain. Saying the package was not enough plays into the hands of the bankers who helped create the mess. The stimulus is just more debt which is not a cure for the debt and asset valuation problem.>> I agree and Bush should have paid down the debt during our good years instead of cutting taxes on the rich and corporations and lining the pockets of his rich friends and running up the debt. So he did not follow Keyns theory. So with bush doubling the deficit from 5 to 10 trillion with nothign to show for it, he has made it very hard to use Keynsian economics now. Still, we had to do something to help the people. At least we now have smarter and more honest people running things. I am not happy with Geightner or Summers, but I think Obama is still trying to figure out how to take on wall street. The corporatists and rich have grown so powerful under 30 years of neo con rule they will be hard to defeat. >>I am all for regulation as long as it is independent, fair, reasonable and done for the greater good of the country. Some regulation is necessary.>> There not only was little regulation under bush, they outlawed a lot of the necessary regulation. Look at the most successful countries in the world e.g. Denmark, Sweden and Finland. They have high taxes, lots of regulations and big government and are very happy people compared to us. Because they use their democractic governments intelligently. In almost every important test like total health, welfare, happiness and education most western nations score above us. So what have we been doing wrong?

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