— this graphic mean? That we do better under Democrats (Reagan excepted) than Republicans? That the times are reflected in their leaders? Neither? Both?
|We have an economy that’s based on the same principles as Bernie Madoff’s investments… It’s a Ponzi economy. It’s not real. We don’t save and we don’t produce anything anymore. We simply borrow from the rest of the world, and then we spend it. We’ve had a giant party. We bought all these plasma TVs and iPods. We remodeled our houses and took vacations. But you know what? The bills are coming in.”|
He’s right. We partied on easy credit, and we’ve got a helluva hangover. But what about Schiff’s plans? As Fortune puts it (at the last link), those are — Shrink the government radically, cancel all bailouts immediately, take plenty of tough medicine, and let the free market do its job – however harsh it may be for, say, autoworkers in the meantime.
Meanwhile my inner Democrat (fwiw, I’m a registered Independent) can’t dismiss Paul Krugman either. Krugman wants Obama to cancel the tax cuts and spend more. Some dismiss Krugman’s Nobel prize, but I think it makes him worth listening to.
One of my concerns about Big Spending by the feds is what inducements to corruption it produces. Will there be earmarks out the wazoo? Betcha. (Hillary is no longer in a position to produce them, but she was sure good at it. Check progress on that last link here.)
Anyway, just wanted to blab that.
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