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

To: tejek who wrote (260688)	7/14/2010 3:06:23 PM
From: RetiredNow	Read Replies (2) \| Respond to of 306849

I don't think we do either. But I'll tell you this, Krugman, Obama, and any of the other Keynesians are wrong. You don't solve a debt crisis with more debt. We need to let the deleveraging happen and let the folks who own toxic assets get wiped out. Unfortunately, our government now owns most of the toxic assets created by the criminal bankers, so those private losses have been socialized. That is the fault of Bush and now is the fault of Obama, through their support of Bernanke and Geithner. It was wrong, wrong, wrong. And you know I have no love for the idiotic policies recommended by the GOP. The solutions are simple. Don't spend more than you make. If someone in your country takes foolish risks and it blows up, then they must pay the consequences, not pass those consequences off to our government or to someone else. The GOP doesn't get that and Obama and the Dems don't get that either. In short, we're fuuked, because we have stupid leaders.