But it will only work if we export a lot of jobs. :)
Posted on 11/20/2007 11:28:46 AM PST by fweingart
No, ! I would argue the costs of fuel have been always passed on to the consumer!
$1.48; we’re in serious doo doo if it plunges through the $1.50 psychological resistance point.
That could produce panic offing by major banks world wide and dumping by S. Korea, (who’s been quietly selling into this mess), China, (who will deny it) and the Saudi’s,(who’ll deny it) and who are probably doing it already through some surreptitious means we can’t see.
The government didn’t close the banks per se, the banks were doing a fine job of that on their own, for several years. What Roosevelt did was close all the (few) remaining banks, calling it a “bank holiday”.
Are you in Alaska?
The prolonging of the depression was exacerbated by the bone-headed socialism of FDR. With proper market savvy, instead of paying attention to the abysmal failure that was the USSR, Roosevelt drug us much deeper.
One day he will be right -- just not regarding history. And every doom & gloom kook will say "I told you so!". And then afterward, after the mess has been repaired (unfortunately after much too much populist intervention and fumbling before finding the market-based solution) we will have to still wait out another 20+ years of them claiming that we're going to be in the throws of doom again. With a doomer, the sucess rate can be minisule and yet one still be celebrated by fellow doomers for keeping up the good fight against the long odds...it's a sickness with them.
With our population diluted by the scum that crawled in south of our border coupled with the almost complete drain of our manufacturing base, I would say we're in deep clinton.
I think this is a misread of Friedman.
The problem with the FED has been akin to “pushing on a string”; easing interest rates tends to create speculation in the markets, one cannot prevent money lent from ending up in the stock market, that’s what Friedman was talking about.
If you look at the charts, after the crash the government was actually pretty good about easing rates but it didn’t help.
You’re a poorly informed buffoon.
Buchanan has been more accurate in his prognostications about the decline and fall off of this culture, this nation and it’s in-bred, poorly performing leadership over the past 20 years than anyone else. He is, in my opinion, the only true conservative left standing. The rest are mere shells, pandering to the polls in an endless self-serving scheme of self-aggrandisement and hopeless over-reaching. While obviously ignorant of history, the one positive thing that can be said of Bush is that at least he is true to himself and has the courage to take a firm stand for his convicitons, ill informed and poorly advised though he may be.
No he doesn't.
Pelosi, Reid, Frank, Lautenberg, Schumer and the Clintons....hate America.
Pat is just pointing out how he feels the Fed policies are not good for America.
The politicians have won if their goal was to ruin our nation.
It's hard to believe that someone would ridicule everything about the man such as you just did.
There was a time when many of us were ready to rally around this man. His outpouring of books and articles are mostly on the mark and those that deny that are deluding themselves.
I could go on w/ his buffoonery but really, life's too short.
Have you come to realize that too?
When I see eggs, for a basic example, go from 84 cents to $1.65 in less than a year I believe it's time to worry.
If President Bush and Vice-President Cheney had used their bully pulpits and railed against the ethanol farce chicken feed wouldn't be as expensive as it is today. Had they used those pulpits against those that would deny America it's own oil and pushed strongly for drilling in the freaking Pristine Arctic Wilderness as well as off the shores of Florida, where China is now drilling, we'd be in a position to tell the arabs to go make love to themselves.
IF they'd kicked OSHA and the DOE into the Potomac, we'd have new refineries instead of the miserable situation we find ourselves in today: we're actually importing REFINED crude, or gasoline, if you will.
Read it again. This time take notes.
The only thing that pat is correct about these days is his insisteance that there is a demographic problem and that we, a nation, are not sustaining our population with higher birth rates. But his ideas about how government should get involved are always off the mark. Pat’s a statist who disdains markets. He’s a central planning type who only pays liberty lip-service as long as it helps him make a point — then he drops it (embrace of liberty) like a bad habit. He’s the nanny-state extoller within a party that is supposed to champion for limited government. Defend him if you wish but he is like the anti-Reagan these days.
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