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2008-10-02 Home Front: Politix

Next: Bailout for the bailout bloated with pork

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Posted by GolfBravoUSMC 2008-10-02 04:03|| || Front Page|| [2 views ] Top

#1 While the money changers labored, temple whores tended sacrificial flocks, gathered eggs, and fed their asses. It would appears little has changed.

Posted by Besoeker 2008-10-02 07:53|| 2008-10-02 07:53|| Front Page Top

#2 Tell me again Besoeker, I got mixed up somewhere there about who are the money changers and who are the whores? It is possible they are one and the same?

Posted by JohnQC 2008-10-02 09:06|| 2008-10-02 09:06|| Front Page Top

#3 the pork in the Senate bill that passed is almost all tax cuts, tax abatements and tax management stuff

there aren't any bridges, hippie museums or Acorn subsidies in it

Posted by mhw 2008-10-02 11:43|| 2008-10-02 11:43|| Front Page Top

#4 The problem is that if you do not reform at the same time as injecting capital, you have left the problem unsolved. You need to eliminate CRA completely as a program. You have to either privatize the GSE's (Fannie Mae, Freddie Mac, Sallie Mae, etc.) or super regulate them with new rules. You have to lower corporate income taxes to compete globally and more importantly bring home tax revenues on those profits from off-shore. Throwing money at the problem won't make it go away.

Posted by Jack is Back!">Jack is Back! 2008-10-02 13:47|| 2008-10-02 13:47|| Front Page Top

#5 This article is WAY incomplete as it doesn't mention Alan Greenspan!

Mess around with inflation figures, then reserve ratios to blow-up a credit bubble which causes malinvestment throughout the economy.

The fix is easy, the implementation is hard.
1/ Go for a real inflation measure.
2/ Increase reserve ratios.

Posted by Bright Pebbles 2008-10-02 16:35|| 2008-10-02 16:35|| Front Page Top

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