Gene Chan

A Capitalist's Letter to President Obama

More:

apnews.myway.com/artic...

A Capitalist's Letter to President Obama

vector359, look up the word "ulterior" in the dictionary and you'll see that it was perfectly fine the way I use it. Just because you always see it tagged along with the word "motive" in your limited experience doesn't mean it has to be used that way.

Anyway, back on topic. More on Obama's mishandling of Chrysler:
www.bloomberg.com/apps...

A Capitalist's Letter to President Obama

epeon, I supported him not for his economic policies, but for his ability to listen and and adopt a more balanced approach when evidence weigh against his decisions. This is one hopeful attempt at accomplishing that.

America's Banks: Are They Really Insolvent?

If everyone tries to auction them off, who's going to buy them?


On Feb 12 08:23 AM James Wilson wrote:

> That is why you have AUCTIONS TO SELL OFF ACCESTS AND REPLACE CASH
> !!!!!!

Reasons to Give Thanks for Capitalism

The invisible hand works well in the real economy, where goods and services are produced and consumed, because supply and demand tend to settle at an optimal equilibrium.

It works less well in the financial economy, where assets are swapped for speculation or investment, because runaway self-fulliing forces cause the markets sway too far from optimality. This is the part of the economy that needs to be more regulated.

Henry Paulson Could Have Done Better

I still don't see the disagreement. Like I said, I agree with your agrument, it's just that we have no power to change it now that it has passed. You and I don't control Congress.

The best we can hope for at this point is that they don't mess it up further.

Henry Paulson Could Have Done Better

I guess I wasn't clear... I totally agree with you that the world would be a better place if a bail-out wasn't needed in the first place. But there is nothing we can do about that now - the bail-out package is there, it was already voted through Congress and everything, we have no power to change that. The only thing we can hope for now is that they don't squander that money.

Henry Paulson Could Have Done Better

"Are there any capitalists left?"

Well, I wish we didn't have to go down this path of the bail-out. But given the predicament we're in, and that they've already decided to do it, might as well do it right and make it count.