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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (105701)	3/8/2009 11:04:04 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 540887

Yet, day-by-day we see them enacting change without understanding the root cause of the problems And that is? In my mind it was too easy lending and reduced taxes at a time both should have gone the other way. Had we done that, then perhaps we could stimulate the economy some....... Sad fact is now I don't think there is an answer other than time. Time to allow Americans to get themselves out of debt and to let the overproduction in this country to correct. But people will demand the government do something - even if it is wrong. So okay, then lets get some good out of that instead of waste it all; by good I mean those projects the increase America's ability to compete in the world. Cheap power, more efficeint power, better health care, better education - and so on. Are you against these projects? steve

To: greenspirit who wrote (105701)	3/9/2009 6:05:31 PM
From: Cogito	Read Replies (1) \| Respond to of 540887

>>Instead of massive spending and more bailouts, we need an absolutely clear path to reform our financial system. And we won't get that, until we find out in unequivocal terms what caused the breakdown of financial systems worldwide. Which means a bi-partisan commission, or task force to dig out the truth, put together a report and issue recommendations for reform. << Michael - So what do we do about all the banks that will fail, likely taking each other down and causing more failures, while the commission you propose goes digging around to find the root causes of our current problem? See, I think the root causes are already known. What's more difficult to figure out is what to do about them, especially given that one thing we don't have is the luxury of time. - Allen