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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (116878)	11/8/2008 6:55:35 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

clinton and bush both wanted to offshore lots of workers... why not entire industries? to be fair, the auto industry has been managed by fools, which is why the japanese have kicked their behind for decades. i think this idea that the captains of industry are somehow smarter than your non executive smart person is going to the wayside. a lot of these guys/gals are just well connected intellectual idiots. not all, for sure, but plenty enough.

To: Knighty Tin who wrote (116878)	11/8/2008 7:13:05 PM
From: geewiz	Read Replies (1) \| Respond to of 132070

Hi Mike, Every six weeks or so I climb out of hibernation to post on SI... What station platform are you standing at on the approaching deflation/inflation train? I'm on the inflation platform but beginning to doubt my conviction. There's no doubt that every ounce of public policy is bent on inflating this debt, yet as more and more of the rot floats to surface I begin to wonder if we are watching the last failure of monetarism; the portion that advocates curing debt with more debt. Just a recent newsclip from this weekend: U.S. insurers can seek thrift charter to get gov't cash The contridiction that keeps me on the inflation platform comes from my understanding of economic history; as I recall, a deflationary environment is associated with a strong currency and high savings rates. Both in short supply lately. There are clearly a few Joe plumbers who cling to the trickle-down portion; it failed most folks when they took out the home-equity line of credit to cover their bills. Thoughts appreciated! Art