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Old 09-22-2010, 10:35 AM  
sperbonzo
I'd rather be on my boat.
 
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Join Date: May 2003
Location: Miami, FL
Posts: 9,748
Quote:
Originally Posted by marketsmart View Post
exactly, and this is part of the problem that both the govt and the people dont get..

however, i cant believe we are basing this countries recovery on principals used after the depression...

to me, its simple accounting.. dont spend more than you take in... thats how we recover economically..



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Agreed on all levels. Unfortunately this is looking more and more like the situation, (which I believe in large part was forced on us by government regulation on bank lending in the first place), is being seized upon, by both parties, as an excuse for the federal government to grab MORE power over the intricacies of the economic interactions of it's citizens.... something which has never worked to grow an economy IMHO, since there is no panel of "experts" that can successfully predict and control the most complex patterns of behavior of human beings on a large scale.


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