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Here's a link on that same website that addresses the economic stimulus proposals http://mises.org/story/3310

The proposals seem to be too govt based & driven. If they wanted to produce results they would back programs that would encourage business investment and private savings - - both in the form of drastic targeted tax relief and reform. (Such as a flat tax). - - None of that involves government run...

The problem is that O, like W - - wont let the losers wash out of the system. They'll do the same thing done in the 30s and extend the length and severity of the current problem. The govt types will be led by their own political prejudices and the recognition that a crisis 'shouldn't be wasted'...

You get the government you deserve, and there's a lot of dumb f$%ks in Mass (and in a lot of other places in the country) - - - They don't even know theyre getting screwed up the a$$

Its very sad :( Sorry to see it. A little music from the Kinks - - Living on a Thin Line (There's No England Anymore) http://www.youtube.com/watch?v=_IIzNmLDvb8 (The political issues in the video don't have much to do with the current financial crisis - but the music still speaks...

Outstanding post. Definitely one that I'll pass on to friends. - - -

Thanks for the link - - - I appreciate it.

Hmmmm - - - I noticed a few things while driving around taking care of business today. Tons of cops with the radar guns out strategically placed (state troopers, big city, and smaller community jurisdictions) - - - speeding tickets as a way to tax the citizens to feed govt ? I also went into a...

Hi - - - I wonder if anyone can suggest websites to use for shopping for better credit cards ? I used to use bankrate.com, but they seem to be one huge advertisement now and the links they provide to rates are for filling out applications for various providers. Not the independent info I'm...

Well are you sure that'll be enough ? The current govt types warn against not taking radical enough action. If you go to 100% govt employment like back in the days of the USSR, That outta do it ! The Soviets had lots of govt 'public make work projects', and plenty of demand for products . . ...

Maybe they thought they were saving . . . 'cause their homes kept 'going up in value', to the point that they could even take out a little of the 'built up equity' for home improvements and other doodads. Maybe they thought they were saving when the stocks in their 401ks kept going up steadily...

I have no knowledge of the ins and outs of the S. Korean economy or culture, but such repressive action by any goverment would make me think that perhaps things are much worse than they are trying to let on - - -

I believe that if enough dry tinder builds up over time and there's oxygen and a heat source the f*&$er is gonna burn eventually whether you like it or not. - - You can let it burn when there's not too much dry underbrush built up and the fire will be relatively small. If you let the dry brush...

That is freakin' hilarious ! :D The people over there must have a helluva sense of humor since most of them in the photos were smiling. Made me laugh out loud too !

agreed And that money debt generates an interest obligation payable . . . in even more $ money symbol debt. The market blow-up was just a symptom of the inevitable results that come from out of that logic bomb

They probably get a federal bail-out because California "is too big to go bankrupt" - - -

O.K. guys, you make some good points. - - Sometimes we get caught up "looking at the trees, instead of the forrest". So, do you think we're in good long term shape, or bad ? Why ? Regards, - - -

Oh this is getting fun ! They can come up with numbers for the future obligation based on population, mortality charts, etc. Unless all those old people & boomers decide to pull the plug early, we've got that number. - - Now all we have to do is pull another number out of the air and say our...

Heard an interesting report on the radio today - - American household net worth has dropped to $ 56 Trillion. Remember that includes everything including peoples homes, bank accounts, investments, etc. http://www.fundmasteryblog.com/2008/06/06/56-trillion-american-net-worth/ (Note that...

I was actually looking at getting one or two new pick-up trucks (to use on some rural property that we have) - - - GM makes the best 4 wheel drive vehicle for this particular application, (and beat out Toyota in terms of features and realiability). Unfortunately the buying decision has been put...