Bush the Socialist Destroyer
We can buckle down for a year-long recession and then get on the path to financial and economic soundness. Or we can set off a calamity that will last a decade or more, and perhaps even wreck civilization as we know it. That's our choice. Bush, acting the part of the financial socialist, wants to take us down the second path. FULL ARTICLE
Comments (5)
a Chinese student
Excellent views. I read a year ago. Now I deeply believe that government's intervetion in private bussiness is the source of Great Depression. It's time to act, to protect the last free market land. In China, all the newspapers and networks assert that most Americans support the bailout. What an ridiculous lie! Chinese government also faces the same financial problem,because it is the biggest creditor of America. It also prepare to rescue the corrupt four state-owned bussiness banks.So they use lies as fundamental reasons for future bailout.
If the Congress pass bailout,the Great Deperssion tragedy would repeat， and USA become USSA-Unions of Soviet States of America.
Published: September 26, 2008 6:41 AM
Bruno
I hope you americans take the right path.
Anyway, Mr. Bush is going out of office in less than four months. I also hope that he does not create even more problems during that time than he already did in the rest of his term.
Published: September 26, 2008 6:41 AM
Enjoy Every Sandwich
I'm not well educated on economic matters, so it was interesting to read in this article a point that had occurred to me: the objective of the bailout seems to be to keep the bubble going. What, I wonder, is the advantage to that? We've plucked our money trees bare, stripped off the bark, and poisoned the soil besides. So we clearly cannot sustain this condition forever.
Published: September 26, 2008 7:21 AM
Mark Glasgow
I'm inclined to take a philosophical view of our current situation. For those for whom this was inevitable, have prepared. For the silent majority, the innocent and the ignorant, all of whom failed to hear and hearken to predictions made by the more astute, there will be suffering. Such suffering will be minimized by allowing the market to have its way and prolonged, inducing still more suffering, should the interventionists have their way. In either case there will be a recession but today's recession will be less painful than today's recession, postponed!
Published: September 26, 2008 8:35 AM
Glen
Bruno,
The problem is that whoever replaces Bush will also try to take us down a similar path. Question is which one would most likely fail in the attempt. Maybe that's who we should vote for.
Published: September 26, 2008 7:27 PM