M-P

Four Myths About the Obama / Geithner Plan

There are a couple of themes here: One is the Silver Bullet problem - we keep thinking there is a pill for all of this - there isn't. Crash diets don't work - at least not in the long term. The fundamentals of weight control will never change - aerobic, resistence training, and diet.

Perverting the market is like playing the whack a mole game - you hit one and another pops up. The ironies in all of this are classic. The paradox of thrift is a nice bumper sticker ... some people leveraged their house, overspent, didn't save and now they have a hangover ... all the taxpayers get to buy them aspirin. I believe in personal responsibility for homeowners and clawback provisions for corporate excess. Equal opportunity.