"Eisboch" wrote in message
...

"hk" wrote in message
m...


BAR wrote:

Eliminate corporate taxes, reduce capital gains taxes and cut personal
income taxes in half but,


The same old right wing drip down bull**** that doesn't work...yet again.


Your wrong. It's worked for well over 200 years and very well. This
country did not become the world's leading economy because government ran
the show doling out stimulus checks and bailouts.

People like you love to take advantage of the non-perfect nature of
capitalism and to make hay during a slowdown. When the economy is booming
(and you benefit along with everyone else) there's rarely a peep from
your side.

Capitalism, based on private and public business, has it's flaws and it's
ups and downs that directly and historically relate to the state of the
overall economy.

Fortunately, the economic strength this country maintains will likely get
us through this recession. And the next one. And the one after that.
The reason we can recover is because of the basic principals of capitalism
rather than socialism.

Eisboch

This one is different. Or even if the same, much more severe than anything
I have seen and I was around in 1982. This one is likely the worst
recession/depression I will ever live to see, economically at the 40,000 ft
view as well as from a personal view.

It differs too in how interest rates are too low, and the market is being
closed out to correct it. Interest rates should be 12-15% right now, to
discourage debt but allow for liquidity where the rates and economics allow
it. This indicates the currency is in big trouble,

Second, how governments are litterly tossing trillions of dollars at
bailouts, which will come back in a toxic mix of of paracitical taxation and
inflation at some point. If it doesn't it will because the economy so
craters that defaltion wins for awhile.

The rate at which job loses are occuring far exceed 1982. As are the loses
on the markets. Even the depression in housing prices is unprecidented in
many areas.

In any case, this is real doozy. The economic policies I fear are going to
outright fail at some point and a second round of debt/credit/fiscal
devaluation is right around the corner.