Kath H.

3 Things America Needs to Do to Get the Economy Back on Track

The U. S. economy is a Ponzi Scheme based on cheap labor and large amounts of credit. When the country, both government and citizens, realize that a no-growth economy is the only economy that will work, then the U. S. will prosper. Everyone doesn't need a BMW or a gold chain around thier neck; everyone can have health care and a decent retirement. However, this state of affairs will never come about due to politics. Hence the U. S. will sink to being a minor player in history.

Kicking People Out - Cramer's Stop Trading! (9/24/08)

People will still get kicked out of their houses. Let housing prices tank and they can get back in sooner. I was renting as I moved a couple of years ago and foresaw this fiasco.
But my landlord quit paying the mortgage, but kept the rent money.

Cramer is just pimping for the bankers. Notice that no one is talking about adding a repeal of that bankruptcy law passed a couple of years ago.

There is far more wrong with our economy, which is based on growth with cheap labor, than just the mortgages. It is riddled with Ponzi schemes such as Social Security.

If free markets are not allowed to correct, then let's just nationalize banks and houses!!

AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08)

"... AIG is too big to fail."
Here we go again. Maybe Johnson & Johnson should take over AIG. Isn't it just a Band-Aid® for the credit mess?

Liquidity = Ponzi Scheme

We need an economy based far less on unbridled borrowing.