Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: PugetSoundSoldier
...essentially stunting free trade and ....

You are kidding us of course.

And the gov't forced AIG and others to get into the derivatives market?

No, what happened is everyone got greedy, instead of building better mousetraps so to speak - everyone said screw it, let's go to offshore production. We got away with it for a while, thanks to a national VISA card and HELOC's and a bogus real estate market - much of which the .gov is responsible for. But now the bill has come due.

So add in the cost of Zero's spending to the cost of all the imported goods. Don't look like we got a bargain does it?

223 posted on 05/11/2009 7:12:12 AM PDT by investigateworld ( Abortion stops a beating heart.)
[ Post Reply | Private Reply | To 219 | View Replies ]


To: investigateworld
And the gov't forced AIG and others to get into the derivatives market?

Nope, but the Government bailout of AIG has short-circuited the way that capitalism solves these kinds of issues - it stopped the company from going away.

Apparently a capitalist market approach is not what you support?

249 posted on 05/11/2009 1:34:51 PM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
[ Post Reply | Private Reply | To 223 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson