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Upside Down Economics
TownHall ^
| February 18, 2009
| Thomas Sowell
Posted on 02/18/2009 6:01:00 AM PST by dbz77
click here to read article
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To: jazusamo
Right on target as usual. These people really hate the thought that anyone can think.
21
posted on
02/18/2009 12:51:59 PM PST
by
freekitty
(Give me back my conservative vote.)
To: dbz77
Anyone remember the young woman Obama fan who excitedly told the world that when Obama was elected
she wouldn't have to pay her bills and she would have a house to live in etc?
And we all laughed at her?
Well, she's getting the last laugh...
22
posted on
02/18/2009 12:53:58 PM PST
by
GOPJ
(The closer global warming is exposed as hoax, the more hysterical it's proponents become...)
To: jazusamo
Thanks for the ping.
Sowell rules - liberals drool...
23
posted on
02/18/2009 12:55:52 PM PST
by
GOPJ
(The closer global warming is exposed as hoax, the more hysterical it's proponents become...)
To: dbz77
How in the hell are we going to stop this?
I don’t even know what else to say.
24
posted on
02/18/2009 12:59:17 PM PST
by
Yaelle
To: SES1066
25
posted on
02/18/2009 2:13:56 PM PST
by
CPT Clay
(Drill ANWR, Personal Accounts NOW ,)
To: the OlLine Rebel
Just wait till someone points out that the best schools in Howard County test-score-wise also happen to be the whitest...or at least the most Asian...and also have the lowest rates of fights, etc...
BTW how's the little one? We're expecting our first one very soon, in under a month!
26
posted on
02/18/2009 6:38:56 PM PST
by
RockinRight
(Now it's my turn to have a psychotic, uncontrollable hatred for the President.)
To: RockinRight
Hey there! Congrats on the baby - do you know? What is the expected date? Funny if it would be the 11th. George is good and he’s starting to walk. He is a good little boy, and he loves his(my) dog. LOL
27
posted on
02/18/2009 6:48:54 PM PST
by
the OlLine Rebel
(Common sense is an uncommon virtue./Technological progress cannot be legislated.)
To: dbz77
Dr. Sowell, for whom I have immense respect, is ignoring the real problem in this column.
Bad mortgages, while certainly the root of the problem, are not the major issue. The economy could absorb the total amount of such mortgages with not much more than a stutter.
The real problem is what the market did with these mortgages. It bundled them with good mortgages, sliced and diced the bundles, and turned them into “securities.”
In the process it increased the risk factor to the economy by one or perhaps two orders of magnitude. The BIG issue is that nobody is able to determine the “real” value of these “securities,” a misnomer if there ever was one. This uncertainty is what is causing the real problem.
The government didn’t force the market to do this.
28
posted on
02/19/2009 3:28:05 AM PST
by
Sherman Logan
(Everyone has a right to his own opinion, but not to his own facts.)
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