Eisboch wrote:

"HK" wrote in message
...

Eisboch wrote:


Forgetting about blame for a second, the biggest problem I think we
face with Obama's domestic and economic policies is this:

The US has had a national debt that has been growing for many
decades. By itself, debt isn't necessarily bad. It can fuel growth
and spur on an economy. The debt we have had in the past has been
low risk to the lenders because of our economic growth and strength.

But the debt Obama is putting in place in the first 6 months of his
presidency is astronomical, both in amount and in time. The biggest
problem is that it is based on capital, current or future, that we
simply don't have, nor will we.

That is unique in the history of this country. Never happened
before, and not a single economic expert can predict what the
ramification will be, near term and in the future.

Eisboch


What would have been your ideas to rescue what was left of the economy?

I listened to the speakers at the GOP fundraiser last night. I didn't
hear one idea from the leaders of the GOP that would do anything but
line the pockets of the same corporate, banking, and insurance pricks
who sold us down the river. Not a damned serious idea to put Americans
back to work at family supporting jobs.

I watched a recent PBS interview with Vernon Jordan. He's an avid
Obama supporter, but also an avid believer in free enterprise and
capitalism. He believes our economic system is the best in the world
but is subject to "flat tires" now and then. It doesn't mean you throw
away the car.

So far only about 5 percent of the stimulus money Obama has signed has
hit the streets. Yet, there are growing indications that the economy is
slowly but surely beginning to self correct in a typical cycle exhibited
many times before, but without putting the country into assured and
permanent bankruptcy. Recessions are hard to go through, but like a
hurricane clearing overgrown forests, they can benefit overall.
Yes, I know and feel for the unemployed, but opportunities arise out of
necessity. This isn't the first time or the last. I am fearful that
this time there was an over reaction, and much of it is political, not
economic based.

Eisboch



So your idea was to do...nothing?


--
The modern GOP is little more than an army of moral absolutists led by a
gang of moral nihilists.