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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (102628)	10/4/2011 10:53:47 AM
From: tejek	Read Replies (1) \| Respond to of 149317

Ford to add 12,000 jobs in U.S.

To: ChinuSFO who wrote (102628)	10/4/2011 12:31:08 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

The Euro is going down the drain, because the Europeans are doing the same damned thing we are doing in the US. If the Europeans had kicked Greece out of the EU, AS PER THE LETTER OF THE LAW, then they wouldn't be having daily economic earthquakes threatening to shatter the EU. Once again, all of the problems the Western Developed nations are facing today are directly a result of throwing free markets out the window in favor of bailouts and communist-style central economic planning. Get rid of the central bankers and let rates flow freely and you'll have an ironclad free market mechanism for ensuring debt doesn't ever get out of hand. Those who take too many risks would get wiped out and if they came back to credit markets seeking loans, they'd be charge exorbitant rates, as is only natural. That would force them to live within their means. That would have solved the problems here and overseas. But the US of A is now embracing socialism and communist-style central economic planning. We're are screwed. Say goodbye to the good times. They are gone until we reverse ourselves and go back to free market principles. That means you get the rewards when you are responsible and you get the consequences when you take too much risk on dodgy investments. Free markets don't believe in bailouts, so what we are experiencing now would have never happened had we allowed the free markets to cleanse the system of this toxic debt from the bank balance sheets.