Posted on 02/19/2009 7:15:54 PM PST by KoRn
Nice Rant. Here's a Link to the entire article to save you a click: On Our Fraudulent Economy
His conclusion : "Our economy must contract to a sustainable level - period. This is not a matter of what we want, it is a matter of what is possible. A bubble economy built on fraud cannot be reflated once it pops and the fraud is exposed at the level to which it occurred in this case. It is simply not possible.We must deal with the underlying rot in our financial and political systems, and until we do in a forceful and forthright fashion we will continue to see economic malaise and destruction. Wake up America.
I have learned not to be optimistic. but what you are saying is the 1993-1994 scenario again.
Which brings me to some painful facts:
1) Republicans in power too long become corrupt, just like democrats
2) a president has an irresistible urge to spend borrowed money to create a legacy. The media demands it and the public has very high expectations.
These are two facts that cannot be easily dismissed , the second one is more problematic because republican presidents are blamed for everything.
These two things killed us, party and capitalism
I may decide that this place is too small and cramped, or perhaps want to relocate to somewhere less leftist than Maryland.
I really didn’t plan to stay here till I’m 52 years old.
Where did you find that pic of Barny Frank from last Friday night?
I heard it was one hell of a party. According to rumors, Travis the chimp was there.
Which, if my investment brain is working, that they’re undervalued?
I quit/retired, 12-31-1994, at the age of 50. I haven't worked a day since. I don't owe anyone anything.
I’m 31...and while my wife and I have a reasonably low debt to income ratio, I’m still nowhere near being able to retire or say I don’t owe anyone anything!
I was 30 and had been laid off for a year when I got my last job and decided to retire at 50. From then on, I was know as a 'tight-wad' even by my PhD son who is 41 this month and plans to do the same.
Conservatives have the brains and the skills. Liberals are the babies. Really sucks to be losers.
Well, it’s the Obama Depression isn’t it. Guys aid he could fix it.
“I cant even read this sh*t anymore...it makes me question why I even bother going to work every day.”
-I love this. If Obama thinks he has problems now, wait until the actual productive members of this society stop trying and turn their attention toward fixing this country by extra-Constitutional means.
Nothing will happen until the average idiot can’t get his NASCAR and Lite beer anymore.
ROFL!!!!!!!!!!!!
You got it.
Conservatives have the brains and the skills. Liberals are the babies. ****Really sucks to be losers.****
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Bawney Fwank loves being a loser.
A most excellent article. Thanks! I agree with the premise. As the great Mogombo says “we’re freaking doomed”.
Do not despair. There was a recent article about the Great Depression in the 1930s. People who had jobs (75 percent)actually lived well versus the 25 percent that were unemployed. During the Depression, things got cheap. People who had jobs were able to buy things that were unaffordable during prosperity. Key thing is organize your family and street to survive the downturn. Read a story how a farmer during the Depression took on relatives/friends who lost everything and together worked the farm, shared the chores in return for food and shelter.
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Victor Davis Hansen in Pajama’s media
Excellent piece
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