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To: Gib Bogle who wrote (104980)9/11/2009 1:25:22 AM
From: NOW1 Recommendation  Read Replies (1) | Respond to of 110194
 
there are numerous carefully written articles articles that have circulated the internet widely as to what he should have done: some i have posted right here including this one:
Message 25782215
or this one:http://siliconinvestor.com/readmsg.aspx?msgid=25554677&srchtxt=taleb

This is another :http://siliconinvestor.com/readmsg.aspx?msgid=25652257&srchtxt=hussman

and i find the advice of these largely convincing

but why in the world would you think what he did was crazy? It was absolutely predictable.



To: Gib Bogle who wrote (104980)9/11/2009 1:28:06 AM
From: NOW3 Recommendations  Read Replies (1) | Respond to of 110194
 
moreover, he is NOT completely blameless as we can carefully check on his voting record as a senator to see that his votes were often in support of reckless ill conceived policies



To: Gib Bogle who wrote (104980)9/11/2009 11:10:47 AM
From: studdog2 Recommendations  Read Replies (4) | Respond to of 110194
 
It is worth contemplating the fact that the left now is convinced that Obama has sold out to the corporations and we are just experiencing Bush's 3rd term, and at the same time, the Right is convinced we are now all socialists or worse. Can't be both!



To: Gib Bogle who wrote (104980)9/11/2009 11:17:40 AM
From: studdog4 Recommendations  Read Replies (1) | Respond to of 110194
 
<<<For that matter, what do you think the president should have done to save the middle class?>>>
For starters, enact policies that ensure that the incredible increases in productivity we have been and will hopefully continue to be experiencing will flow to workers at least as much as to management. We have got to have a narrowing of the income gap in this country or we will become a Banana Republic. IMHO, we are in this mess in large part due to the fact that the middle class was given a bait and switch opportunity to maintain their lifestylein the face of falling wages by taking on easy debt. This debt will be difficult or impossible to pay off.



To: Gib Bogle who wrote (104980)9/11/2009 9:32:35 PM
From: Metacomet  Read Replies (2) | Respond to of 110194
 
For that matter, what do you think the president should have done to save the middle class?

Good question.

It appears to some of the financial prognosticators that the anticipated total financial meltdown has been avoided.

I remain agnostic on that point, but I don't think there is any doubt that the middle class will be substantially strengthened if their health care concerns can be relieved.

Preferably at the expense of a health insurance industry that has grown fat on profits accumulated on the backs of people they underserved.

Since these have been the dual priorities of the Obama administration to date, it is hard to take the incessant bitching seriously.