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On The Losing Side Of A Credit Battle
The Daily Reckoning ^ | 10-6-2009 | Bill Bonner

Posted on 10/06/2009 10:03:21 PM PDT by blam

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To: familyop

I agree there is little conservatism going on in the markets. Or gov’t. As a result, our country is stratifying itself into the haves and have nots, and without strong middle class we are in trouble.
parsy, who thinks Main Street is more important than Wall St.


21 posted on 10/07/2009 7:10:25 AM PDT by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: familyop

“We haven’t had men as leaders for a very long time.”

True. We have had a pack of “sloganeers.” I have a hard time finding one true person of vision in either party, or one that I even halfway trust.

parsy, who hates to be a cynic


22 posted on 10/07/2009 7:15:01 AM PDT by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: Nathan Zachary

You can cut taxes all day long but federal spending just isn’t going to go down. Hasn’t in 30 years. It looks to me like the problem is so out of hand, that taxes can not be raised enough to pay off deficit, what with socsec and medicare bubbles about to hit. I just think we have bad choices and worse choices left.

parsy, who isn’t normally this pessismistic


23 posted on 10/07/2009 7:25:34 AM PDT by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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