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

To: ChinuSFO who wrote (103348)	10/25/2011 8:35:20 AM
From: RetiredNow	Respond to of 149317

No. At the end of the day, you can't spend more than you earn. If you do, it leads to disaster. Pretending otherwise is just an elaborate fantasy. Bailing out these banks instead of winding them down is just a fantasy game written on a very large scale. How many more years of this do you want to watch as the 99% become poorer and the foundations of our country are irretrievably eroded? The problem with these financial games is that their destruction is not limited to simply the economy. They often result in destruction of the governments who perpetrate them. History is replete with examples such as those. Rome, Weimar Republic, Zimbabwe. Europe and the US may be next. Think about what happened in the wake of the fall of Rome and the Weimar Republic. Dark ages and war. It was devastatingly ugly. Now, with the weapons of mass destruction available all over the world, do we really want to allow bad financial and economic policies to lead us to a path of Dark Ages and War? It sounds apocalyptic, but I think most people underestimate by far just how bad things can get and how quickly they can get bad. That is what the concept of Black Swans tries to teach us.