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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73106)	3/29/2010 8:06:25 PM
From: Snowshoe	3 Recommendations Read Replies (1) of 74559

>>Snowshoe will be excited to see me acknowledging that governments can do things which don't lose money.<< Positively disgusting isn't it? Now governments around the world will be emboldened to try all sorts of other dangerous stuff! Let's face it, this country got off on the wrong foot back in 1492 when Ferdinand and Isabella put up half the money for Columbus and his batty idea of sailing west to Asia. The private capital markets knew his plan was goofy, but those government bludgers gave him a blank check anyway. If our Aztec friend Marcos was around he could tell us just how badly that turned out! And then there was the famous Erie Canal that opened the west to settlement. In 1817 the bludging government kleptocrats in the New York legislature appropriated $7 million to build a 363 mile canal from the Hudson River to Lake Erie. That was a lot of money in those days! Don't even get me started on the transcontinental railways. Those federal government spivs handed out massive land acreage subsidies like bags of candy! And now Sarah Palin and her pals want huge government subsidies and loan guarantees for the Alaska natural gas pipeline to the lower 48 states. There's just no end to it! ;>)

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