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Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?

To: NightOwl who wrote (14310)	12/1/2008 11:23:56 PM
From: niceguy767	Read Replies (3) \| Respond to of 14464

Finally someone offering a novel approach...rather than throw money at our mistakes with the ned result an even bigger mistake, why not invest in something with middle street payback potential? Alas, whistling in the wind it seems as the Washington gang proposes same ole, same ole: keep cranking up those already white hot dollar printing presses because that has always worked in the past. At the end of WWII, N/America had a manufacturing base second to none, a knowledge gap on the rest of the world an a knack like none others for innovation. Almost all of those advantages have eroded since and today we find ourselves with little manufacturing base, little, if any, knowledge advantage and waning creativity. The last economically important innovation was the microchip that was followed by an expanding economy for almost 30 years since its inception. Now a reasonably mature industry is awaiting the next great innovation. Certainly energy alternatives pose a more likely alternative than throwing those trillions of dollars at the financial pirates. I fear that N/America has a long road to travel on its current course unless the Washington gang wakes up immediately to the fallacy of their current policies of throwing dollars at the crisis as opposed to dollars at some potential new industry such as new energy sources. I came across this post which posits the outcome of the current response to the credit default woes foisted upon us by our financial industry: acting-man.com Come on Washington! Wake up! you guys are throwing gasoline on a raging fire rather than containing the fire. The outcome of the current policies can only be severe inflation not unlike that described in Tenebrarum's blog!