Well you’ve zeroed in on the true bomb that could devastate the American economy and you are right about Limbaugh, that he is wrong on this, and that’s coming from a defender of Limbaugh for the rest of the 95% of the time that he is right.
But to appear to cheerlead Obama as being ‘hip’ ignores the danger that Obama can achieve economic destruction and pin it on Goldman, even though Goldman deserves the gallows figuratively and literally.
But again you ignore that Obama would relish the catastrophe, the guy really wants massive failure and he doesn’t care if the rest of us are thrown into abject poverty by it.
And you right about Bush as well.
Question: Bringing down Goldman can mean wiping out untold amounts of capital in the markets and that means Americans would be wiped out and the Great Recession would make the Great Depression appear as a fresh Spring day. This is a game of Russian Roulette. How would you unwind Goldman and reform the markets without causing financial Armageddon?
But it will be a lot less pain than we're going to get if we don't stop what we've been doing for the last 10-15 years.
Sometimes doing the right thing hurts.
I do think he wants to subborn ourselves to the so-called world, part of the marxist poison he swallowed years back I think. to destroy us, don’t think so, but possible. As for “hip” I meant on to it, in on. He is otherwise usually un-hip, school-marmish, but meaner than Al Gore’s style.
How? Court order announcing CDS are illegal insurance contracts. There will be a flurry, but it will all even out and reduce risk and instability. Only the Wall Street Banks are playing with this stuff, the others will survive fine.
I like Limbaugh’s opinions on politicians’ personalities. I think he has personal responsibility for the “nationalization” mass hysteria a few years back that gave Bernanke and Obama and Geithner a phony ideology to immunize Wall Street banks from liquidation.