[DeTomaso] Very little Pantera content

doug sedon sedond at yahoo.com
Thu Nov 19 09:33:57 EST 2009


i love all this talk about what the present gu'mmint is doing.  what a short-term memory everyone has, about the fact that the prior administration's policies are what caused the bottom to fall out of the economy:  deregulation, tax cuts, borrow-n-spend out the a**.  while i would have preferred to see it actually happen - let the bottom truly fall out, and let the chips fall where they may, most folks, even those who rant against the bailouts, stimulus, etc., would actually be appalled at the results of not having the bailouts/stimulus/etc.  imagine no one being able to get a loan for anything, businesses folding left & right, unemployment at +30%...  

the ponzi-scheme of borrow & spend, run rampant ever since reaganomics, is finally coming home to roost.  which is why i am against the present bailouts & stimuli - the sooner the bottom falls out, the less painful the mess will be.  even if it's wery painful - pushing it out will yust make it worse.  but NO politician, NO political party, makes no difference which one, wants the bottom to fall out on THEIR shift.

and, all those throwing rocks at the present administration, don't kid yourself.  it the other party were in control, the economic policy we now have would be pretty-much the same.

doug s.,
#2602



      


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