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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: pogohere who wrote (90503)11/19/2008 12:21:09 PM
From: koan  Read Replies (1) of 116555
 
>>What do you think about spending public money on the US auto industry?<<

koa:

The money is our money. If it is in the best interest of our society then yes. We just bailed out the banks and AIG because we felt if they fell our society would collapse into a huge depression.

I feel about this economic situation like I feel about global warming. The subject is so complex, I cannot pretend to know the answers. It takes the most highly educated peopel in our society who study these subjects to guide us.

So my feeling is, in both cases, the smartest thing to do is find the best and the brightest in our country and let them try to figure out the problem.

Very few of us are really educated enough on global warming or the present economic debacle to have intelligable ideas.
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