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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (9089)	3/12/2009 8:03:04 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "actually more of a tragic comedy..." Good one! (Actually --- although I admire, and avidly listen to the opinions of many of these individuals who are near the top of the economics profession... there is a famous line which has more then a modicum of truth to it and goes sorta like this: "You put a dozen economists in a room and you will get 24 opinions out of the room".... :-) Still... I generally agree with the plurality economist opinion here: the administration (and 'we, the people') need to BITE THE BULLET and seize more of these Zombie Banks a Hell of a lot faster. That is the one policy that is most likely to turn things around the fastest, and set a firm bottom for the financial markets without further harmful delay. I cut the administration some 'slack' on this issue though because I believe that they recognize that --- although this is the SMARTEST and BEST economic action to take, producing the most benefit for the country as a whole the fastest --- it is also FRAUGHT with POLITICAL PERIL... and that is most likely why they don't even want to think about it, no matter how many economists tell them that seizing failed banks and turning them around and then reselling them is the BEST WAY out of our problems. With the main political opposition running around yelling "Socialism" with almost their every breathe... it is just a big, giant, bear trap waiting for anyone who even tip-toes into this area. REGARDLESS of what may make the most economic sense... it may just be politically impossible (until and unless more time has passed first with all these big banks sucking the life out of our economy). By then however, (once enough time has passed that it is politically possible...), the economy likely would be far, far worse off then even now.... :-(