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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (377836)8/12/2010 4:29:38 AM
From: Bearcatbob4 Recommendations  Read Replies (2) of 793939
 
I have preaching the point below for months to people who simply think I am nuts. Until we allow the recession to purge the excesses of the past - any recovery will be tepid.

"Instead, the policies of the Obama Democrats have been aimed at propping up the old order — holding up housing prices and the mortgage market, keeping the Detroit auto companies in place, maintaining the lush standard of living of public employee union members (the purpose of the $26 billion the House was summoned back to Washington to approve Tuesday).

Maintaining unsustainable patterns of production, Kling writes, prevents the trial-and-error process of private investment that creates new jobs and patterns of production that will be sustainable."
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