Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (10738)	7/6/2009 7:05:30 PM
From: teevee	Read Replies (1) \| Respond to of 86356

That's essentially what our gov't did after the Internet bubble burst. They created a mortgage bubble to replace it by lowering rates and keeping them low too long and not enforcing regulations on the books and encouraging home ownership for people who couldn't afford homes. That's left toxic assets on the books and Americans a whole lot less well off. Anyway, the next bubble I see coming will be the renewable energy bubble, which will also benefit this country tremendously, but we shouldn't ameliorate the aftermath when it comes. Thank you for clarifying your position: in favor of bubbles and transferring wealth instead of creating wealth. Previous gov'ts (Clinton and Bush) deregulated at the request of Wall Street brokers and bankers, and on the advise of advisors who were/are former Wall Street insiders. Considering that Obama has also appointed Wall Street insiders to key positions, real and significant reform is unlikely. Hail to the chief and Obamanomics- the upcoming "renewable energy" economic bubble and the carbon cap and trade tax system.