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Old 10-17-2007, 04:04 PM   #11
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Default Re: OT: Please help save our economy from the robber barons!

Well, for what it's worth, I signed the petition.
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Old 10-17-2007, 04:48 PM   #12
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Default Re: OT: Please help save our economy from the robber barons!

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Originally Posted by revefsreleets View Post
We shifted one bubble to another when the dot coms went down. Now we are left with what? Some new market needs to emerge legitimately this time, no shifting or shell games.
That is an interesting post... and I think the answer goes back to the game of politics.

The last two major expansions of the economy... Dot com and Home sales (90's and 00's respectively), were both driven because the respective govt. agencies looked the other way during the time. Why? because expanding economies re-elect presidents and parties.

If you look at the Enron/Tyco/Worldcom issues... they all HAPPENED in the 90's, driving the stock markets and not creating a drag. Same thing here.

You all know what would REALLY stop all of this???

If our fed. govt. stopped playing politics with the economy. The ONLY way to REALLY influence the economy is to either drive taxes TOO high, and create a recession, by people choosing to not invest .... or drive taxes TOO low, and create massive govt. debt (no, the debt isn't much at all now when the GDP is taken into account). Which then creates downward pressure on the economy through inflation and thus recession.

Other then that, the president has VERY LITTLE to do with the every day economy (Nixon and those idiotic price freezes).
Furthermore, the Congress has a lot more to do with it then the executive wing... yet it is the executive wing that looks the other way (FBI, Treasury, FDIC, etc. are all executive) because both parties want to use it to elect their president.

ONce a gain... what a joke.
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Old 10-17-2007, 05:09 PM   #13
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Default Re: OT: Please help save our economy from the robber barons!

It's frustrating. A big help would be finding a way to keep all these foreigners who come over here to use our educational system from fleeing after they graduate. We are getting crushed in science and engineering, and it's only going to get worse. The emerging "new economy", whatever it may end up being, needs to be based solidly in reality, not some phantom empty numbers game.
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