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2010-04-20 Home Front: Politix

The problem with the Obama economy? Not enough failure.

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Posted by Mike 2010-04-20 08:44|| || Front Page|| [3 views ] Top

#1 I have mixed feelings about what this article is saying. Particularly after reading the posted article yesterday: See: "How public sector unions broke California." Rush Limbaugh has said he wants BO to fail. With all that said, my daughter and I had a conversation about this several months ago. She said let it fail, it needs to in order to get better. I said: You'd better hope that doesn't happen because what will result will make Cormac McCarthy's book (and movie) The Road look like an understatement of apocalypse. The article about public sector unions causing California to go broke would suggest maybe my daughter is correct. There may have to be failures and a purging of corruption before things get better. Clean out the entitlements, the dead wood in Congress, the earmarks, the special interest groups, etc. The system needs to take a good hot bath with grandma's old-fashioned lye soap.

Posted by JohnQC 2010-04-20 12:45|| 2010-04-20 12:45|| Front Page Top

#2 Right you are, John. In economic discussions, you sometimes hear the phrase "creative destruction." When an inefficient enterprise fails, the resources that were tied up in it (capital, equipment, raw materials, employees) become available for other uses, most of which are better purposes. So long as the government is propping up--oh, say, Chrysler, for example, all the people and stuff tied up in inflicting the Dodge Caliber on an innocent and undeserving world can't be repurposed for something better.

Posted by Mike 2010-04-20 13:26|| 2010-04-20 13:26|| Front Page Top

#3 If Obama had failed we wouldn't have gotten ObamaCare. He succeeded. That's bad. Now all we can do is hope he doesn't have any more success.

Posted by Ebbang Uluque6305 2010-04-20 17:11|| 2010-04-20 17:11|| Front Page Top

#4 A: More cowbell?

Posted by Rex Mundi 2010-04-20 18:51|| 2010-04-20 18:51|| Front Page Top

#5 ION WND > BRACE YOURSELF: NEXT BUBBLE TO BURST COULD BE US$600.0TRILYUHN [or more, as per possib Derivatives Meltdown].

ARTIC - CIA FACTBOOK estimates WORLD GDP at only approxi US$60.0TRILYUHN.

Posted by JosephMendiola 2010-04-20 18:55|| na 2010-04-20 18:55|| Front Page Top

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