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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (41453)	2/26/2010 4:39:06 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

I agree with all of that.... And, I'd venture to say that the mode we have in-place right now (and for years), of "Private Profits, Public Losses" is one of the absolute WORST economic models that can be imagined... arguably nearly as bad as the worst of the pure-Statism models.

To: RMF who wrote (41453)	2/26/2010 4:44:31 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Don't know if you have come across this yet. But, (IMO), this is a rolling avalanche of economic disaster and failure that is looming over us. Without a strong and expanding Middle Class America is not the America we grew up with... it becomes more like the kind of run-of-the-mill Third World Plutarchy we have despised for so long: Wealth Disparities in U.S. Approaching 1920s Levels 138 comments by: The Housing Time Bomb February 21, 2010 about: IYF / KBE / TLT / TBT seekingalpha.com This graph was an eye opener for me (not that I should be surprised).... (NOTE: chart data only goes as far as 2007. When the 2008 and 2009 data, encompassing the financial crash is added in, it's a safe bet that we are now in uncharted waters, with proportional wealth gains going to the top 1% at a HIGHER rate then even occurred during that 1920s period.)