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To: onepath who wrote (4025)5/1/2008 1:48:14 PM
From: koan  Read Replies (1) | Respond to of 23102
 
They always do that i.e. never mind the governement had to bail out the bankng industry to the tune of hundreds of billions/trillions of dollars lest the economy fall into complete fiscal chaos and depression.

Why did that happen of Milton Friedmans pure capitalism works so flawlessly?

One would like to ask one of those smug fellows---"what exatly was that all about"?. I always thought you guys believed in a totally free market. Pure capitalism e.g. let the poor die if they don't want to work. So no bail outs for the poor or disrupted, but trillion dollar bailouts for corporate America is just hunky dory. Hypocrits and fools.

The other thing no one discusses is the deficits. They are never discussed.



To: onepath who wrote (4025)5/1/2008 2:37:50 PM
From: calgarylady  Read Replies (3) | Respond to of 23102
 
I guess I am out of sync too. Problem is the fundamentals haven't changed. House prices still tanking. Billions still being spent in Iraq and the deficit is climbing. Fed is still printing money and inflation (the inflation that includes food and gas)is still running of of control. I am not sure which of those fundamentals has changed enough to make anyone think everything is going to be fine. If they continue to manipulate the numbers and use only the ones that make things look good they can all keep living in never never land but eventually everything still has to be dealt with and the longer they put that off the worse things are getting.

I was listening to a show the other day and the analyst was saying that the government is hoping the people get out and spend the incentive cheques instead of paying down bills. Isn't that how this mess started .. by spending and not worrying about how things would be paid back.. :)