auto44

Two Lessons from the Last Century

You forgot to mention an honest and bright congress, an honest main stream press, and professors and teachers who are not hired dependent on their political affiliation.


On Jan 12 08:00 AM constructe wrote:

> How about mass deficits? No.
> Real wealth? Yes.
> Stupid Presidents? No.
> A President that doesn't vacation all the time? Yes.
> Starting a war that makes oil prices rise? No.
> Sharing war costs with allies or not doing it at all? Yes.
> Letting your debt pile up in foreign wealth funds? No
> Making sure your own citizens can afford to buy your treasury notes?
> Yes.
> Letting the head of your stock exchanges commit fraud? No.
> Getting a SEC head who actually does his job and concerns himself
> with the protection of investors and the integrity of the exchanges?
> Yes.
> Appointing a Treasurer who bet on a mortgage crisis his company helped
> start by getting people to buy derivatives that they shorted? No
>
> Appointing someone to clean house and help the Fed uncover fraud?
> Yes.
> Letting the Fed pay interest on Fed deposits so they can encourage
> banks not to spend their money and still get enough interest to pay
> their hidden losses thus causing delflation? No
> Making the Fed get approval when they blow up their balance sheet
> more than the federal deficit in one year since it all goes to banks?
> Yes
> Making the fed report exactly where such money and backstops went?
> Yes
> Giving away $350 billion without any tracking of how the money is
> spent with another $350 billion accessible any time for any reason
> without condition unless Congress can have an over riding veto? No
>
> Making spending bills that actually define how they are to be spent?
> Yes
>
>
> Hmmm, I thought this would be easy. I'll stop now only because I
> can go on forever.
>