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  • Fear and Loathing in 2009 [View article]
    The internet was created by the government, the government sent a man to the moon and most of the bio-tech industry you see now was seeded by the government (through NHS research and equivalent in other countries). I can say the same about pharma, aviation, nano-technology. In times like these this is the role of government. Our crumbling infrastructure needs renewal and we need a huge push towards sustainable energy technology - a move towards solar and the hydrogen economy.

    For life without government just look at Somalia. How would you like to live there?


    On Dec 25 02:27 PM User 30121 wrote:

    > Lucid article.Thanks for writing it and sharing with us!
    >
    > One pet peeve of mine is the phrase "government will CREATE jobs".
    > I'm sorry, but the government DOES NOT CREATE JOBS. The government
    > SHIFTS jobs, its TRUE!
    >
    > If I'm full of it, enlighten me on an example of the government CREATING
    > a job!
    Dec 27 13:38 pm |Rating: 0 0 |Link to Comment
  • Fear and Loathing in 2009 [View article]
    Wells-Fargo has already provided for 39 Billion losses on the 182 Billion mortgage book it has taken from Wachovia.

    Looks like you are assuming losses will be a lot worse than that.
    Dec 24 21:41 pm |Rating: +2 0 |Link to Comment
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