Warm_Paw

Credit Card Cancer

The government doesn't have a choice but to pump us out of this mess.
Allowing banks to fail in true capitalistic fashion would put America out of work.
The real issue is that we have offshored employment to third world countries and imported their cheap goods to save money, using credit due to the lack of employment.
A handful of elite businessmen have gotten rich.
The country as a whole now has to introduce protectionism to put people back to work.
Pricking the real estate bubble is common sense to me.
While our wages become comparable to third world countries, there's no way we'll afford present day housing prices.
The Chinese threaten to sell a trillion in T-Bills if we devalue our dollar, what they don't realize is that selling those T-Bills will help us devalue the dollar.
Devaluing will put us back to work.
The party's over, back to the old fashion way of making money - working for it.