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Great article. Clearly the proposed "stimulus" is just warming up the paddles for a "code blue" attempt to save a dying patient.
Oct 24 14:52 pm
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All Comments by axelrod608 »Accounting Losses Represent the Past; Layoffs Represent the Future [View article]
I see George II as the living Manchurian Candidate. With an Ivy League MBA he knows how to run a company/government and also knows how to run one into the ground to certain bankruptcy. And every policy of his administration has been a fiscal disaster. Every one, without exception.
If this nation does not stop worshipping at the altar of credit and debt, we will be thrown into the world's debtors prison. As best I can predict, there will be no chance of escape if that happens.
The administration's minions - Pauson and Bernanke - are working feverishly to reinflate the credit bubble. If they are successful, the eventual pop will terminally wipe out the American economy, along with most American assets.