Terrorists strike in the heartland

Panama City News Herald ^ | October 05, 2008 | Phil Lucas

[arthurus]

The federal government caused the economic carnage upon us, not by lack of regulation, as we are told, but by a fatally flawed system suffering cardiac ...

[arthurus]

Look for sense in WSJ but it is not there. Find it in this small town newspaper.

[palmer]

Wow, someone somewhere gets it. There’s a lot of anguish here and people don’t want to believe that they have been lied to for decades.

[himno hero]

Either way, bankers prudence was interceded and violated by politicians. Bankers know when they can/cannot lend. Blame the act of terrorism on NINJAS (aka NINA’s). Its the two, politicians and the ninjas who raped the financial system and created the calamity. But then again, it facilitated the “equity” gain in your home....didn’t it????

[IbJensen]

Put crucifixes in every room of your house and hang garlic over your beds!

[Designer]

Look for sense in WSJ but it is not there. Find it in this small town newspaper.

Only newbies expect to find sense in the WSJ. We oldsters learned long ago that wasn't going to happen.

This writer is but one more of the "loonies" out there who want to apply logic to an illogical situation.

I thought this was over. That we had sent the loonies away in shame and disgust. That our system of "confidence" in our fiat money was so well established that we would hear no more of trying to set it right.

So why is this writer still stuck on doing the right thing?

Grow up, get a life, turn on the T.V., and open another beer.

[backhoe]

Look for sense in WSJ but it is not there. Find it in this small town newspaper.

Isn't that the truth?

The few comments after the column were worth reading:

fedupwithpcbgovt wrote: "Get some cash in your pocket and food in your home." Well written but don't forget the ammo!

[autumnraine]

That is some brilliant article!

[brytlea]

THe surprising thing to me is that many Americans actually believe the stupid conspiracy theories (like 9/11 was perpetrated by our own govt or the whole Illuminati thing) but they don’t take THIS sort of obvious government malfeasance seriously. They say people get the government they deserve. Sadly, some of us who don’t deserve it get sucked in along with them.

[dalebert]

economy failed due to obama election.

[palmer]

Americans worked hard an innovated so that made up for a lot of the malfeasance. But the sheer size of the credit deleveraging worldwide easily swamps our productivity.

[arthurus]

The worst and biggest of the credit mess would straighten out in the market if the US government had left it alone. The government is busily converting a classic, albeit very severe, panic that would turn into Recovery after a couple of quarters into a multiyear Depression. At any point that the insanity stops, the result will be better than if it continues but tremendous damage has already been done by "bailout"- as the economy's remaining resources are shoveled madly into black credit hole.

[palmer]

the economy's remaining resources are shoveled madly into black credit hole

Unfortunately you are right.