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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (242965)	4/2/2010 11:28:32 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

For sure. Andrew Jackson was right. Maybe I didn't make my point clearly. Timmy thinks that this was some sort of monstrous, unmanageable, quagmire. He was wrong. This could have been fixed before breakfast - with Andrew Jackson in charge. Viet Nam was not quite completely intractable. Stated differently, it was a man sized problem. Of course LBJ lied t get us into it. But it had its roots all the way back into the end of WWII with the French playing their little colonial power games and refusing to join NATO and defend themselves against the Russians. I do agree with your other point - the results of the banking crisis will have much more dire results than Viet Nam. Viet Nam certainly physically destroyed lives. I think that we will have more than Viet Nam's 50K dead from psychological trauma, incidental health effects (heart attacks, poor nutrition), etc. The destruction of faith in our "democratic" institutions will be 10X Viet Nam. The debt creation to "fix" the financial crisis will also 10X Viet Nam. All such a shame and so unnecessary. Throw a bunch of idiot bankers out on the curb and everything would have fixed itself. Winding down Viet Nam gave the world the Khmer Rouge and the "Boat People." A great part of my point is that Timmy is too small of a person to recognize a big. Harry Truman kicked Oppenheimer out of his office because Oppenheimer complained that he had blood on his hands because of the atom bomb. Truman snarled at an aid to never let Oppenheimer back in because Truman bathed in blood everyday and he didn't need a relative pip-squeak telling him what making tough decisions does to the soul. So by saying that the financial crisis was a tough problem, Timmy would place himself on the same elevation as Truman - or higher. BTW: I have great respect for Oppenheimer. I think that Truman did as well, but just in a different context.