On Thu, 16 Jul 2009 14:50:52 -0400, "Ed Huntress"
wrote:


"Richard the Dreaded Libertarian" wrote in message
news
On Wed, 15 Jul 2009 18:08:54 -0400, Ed Huntress wrote:
"Richard the Dreaded Libertarian" wrote in
message
news On Wed, 15 Jul 2009 00:51:47 -0400, Ed Huntress wrote:

further automation, you will have one economic effect: You'll drive
real
wages, and the real economy, into a race for the bottom.

It would seem that obamanomics already has us sliding down that
particular
razor blade.

And where was it headed before the stimulus, Rich? Have you studied the
patterns in recessions sufficiently to evaluate this one, in comparison?

Well, obviously, the Cheney/Bush "bailout" got us started. I suspect they
just wanted to dump the worst possible mess they could create right onto
Barry's lap.

I got sickened by Obama's little speech: "Hey, I inherited this huge
deficit!" (wah, wah). So what's the first thing he does? TRIPLES IT!

I fear it's reached the point where the best that we Freedom-lovers are
going to be able to do is to hunker down, protect our jewels, and hope
we enjoy the ride when the whole card house collapses around us.

Thanks,
Rich

The irony of this downturn is that all those years of deficit spending (with
no good reason) has left no choice but more deficit spending -- unless you
want to do another Herbert Hoover and have the government sit there with its
collective thumb up its butt, watching the economy go down in flames. In
other words, now there *is* a good reason for it. And it's 'way more painful
than it should have been, because we're digging in a place where there
already was a big hole.

Seriously, there is no alternative, except in the academic theories of some
of the free-market extremists. And they don't have a single example from
history to draw upon, to support their ideas.


It's better than that Ed (for irony, anyway). Without the continuing support
of China and, to a slightly lesser extent, Japan. The US would probably be
having to go to the IMF for a bailout, with all of the pain that goes with
that.

People, mostly in other fora, may get very exercised about the Chinese, but
they are the ones that are loaning the money for all that deficit spending.


regards
Mark Rand
RTFM