Posted on 11/12/2008 2:30:15 PM PST by cal08sun
The stock market is sending two messages. First, it is voting no confidence in the bloated "New Deal" remedies of Ben Bernanke, Henry Paulson and Congress that are causing an economic downturn. Second, it is saying that the real economic cost of the bailout will be much greater than the projected $700 billion in direct expenditures. We face years of government interference via credit allocation, pay scale determination and a host of explicit and implicit new regulations. All will lead to a massive mis-allocation of resources. The U.S. stock market has fallen about $5 trillion in value the past two months. This is its estimate of the direct and indirect costs of the current "rescue" program.
(Excerpt) Read more at econsense.blogtownhall.com ...
......Then hell get a keynesian and send us into a serious hyperinflation......
We will not have hyper inflation, merely carefully controlled inflation at something less than 7%. At that rate the problems will be solved by the doubling of the economy in about 10 years..
It is the age old solution from truly ancient times. It is always the course rulers follow.
There is not a dimes worth of difference between Bushs republican party and Obamas democrat party.
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When Hussein starts appointing judges you won’t say that.
I know you like many here dislike Walmart for reasons I can’t understand, but you miss the point. He completely disrupted American business and revolutionized the relations between those who make things and those who sell things. Walmart is a truly great success story.
He did not just buy low, he created low. His successors followed the path and improved it to the point there are no equals.
The stock market is sending two messages.
Actually, there is a another. People who can are bailing out of 401ks and IRAs before they are confiscated.
The Obama administration will simply confiscate all 401ks and IRAs and tell the public that there are not enough “safe” investments for all that money so they will buy “safe” U.S. Treasuries with the money. Shades of the Social Security scam.
How remarkably simple it will be to pay for all the current borrowing and fund new programs using the people’s savings.
And Americans thought economics was complicated? Not any more.
This bailout stuff is, at one and the same time, not enough - and too much. God help us.
But I like Walmart. All I said is that long before Walmart came along people engaged in commerce. Been going on for thousands of years right under your nose doncha know?
That’s what I said, for the “good of humanity”. Did you have some other idea of what profit was about?
The cities will be destroyed.What exactly is the downside to that?I’m only half kidding.
Any rational management should be able to live with that.
That's why it will take longer than you project at 7% inflation to get back on an even keel.
Ding Ding Ding
That lady wins a prize
It is like a huge game of musical chairs and the music has stopped and now people are realizing that there are not nearly as many chairs as everyone thought.
“Did you have some other idea of what profit was about?”
You bet, I could care less about the “good of humanity”.
How much of that is junk mail? Seems all I get is junk mail oh and the bills.
You are not human? Could’a fooled me.
That means you may have an interest in anywhere from 1 out of 40 pieces to 1 out of 200 pieces.
This thing started right as he made all his threats of ruinous taxation against business and the professional classes.
It's all Obama's fault!
there won’t be any careful control of anything after a deflation.
Continue drinking your koolaid. This catastrophe began years ago as this administration and its appointees continued the low interest rate, give away mortgage philosophy of the collectivists in the democrat party to those who could not possible pay off those mortgages to get votes just as the dems have done for generations. Bush and party just joined in the fun to secure the votes of the poor and the illegals because they believed there would be no consequences, at least until they were out of office.
They ignored every precept of classical economics which we believed they would defend. I sure do not defend the democrats, we all know that when the people elect those socialists what the result will likely be, but we elected what purported to be conservatives and they have stabbed us in the back.
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