If the free market had been allowed to operate, this crisis wouldn't have happened. It was the federal government forcing lenders to give home loans to people who were poor credit risks that brought it on.
Actually, Peeves, ACORN is a voter-fraud organisation that specialises in false registrations and bribing low-income earners. The facts of Obama's close relationship with ACORN have received far less exposure in the media than one sentence spoken by Palin in one interview.
Then there's Obama's terrorist friend Bill Ayers, who helped launch his political career and worked with him on a failed education project that wasted over $100 million. But you won't hear about that while Sarah Palin's daughter's pregnancy is national news.
The Republicans' candidate for vice president has received more intense media scrutiny than the Democrats' candidate for President.
The problem is not with the physical economy. Bakers still bake, factories still produce.
The problem is with confidence, the mental part of the economy. The value of money is based on confidence that the work you do for a dollar today will buy you a dollar's worth of goods tomorrow. More so in the case of a credit-based economy such as an advanced capitalist society -- much work gets done on the basis of confidence that if someone lends money for a house, that money will return with interest. In turn, this provides work for builders.
Losing that confidence is what is at risk here. It hasn't happened on a big scale since the Great Depression, and I hope it won't happen again.
At $3 million, it's even possible that the cost might be recouped by digitising and selling rare tracks that are out of copyright.
But you knew that, of course. You just chose to ignore his post, and attack mine, because of your own political preferences.
Is that a bad thing, or a good thing?
Obama's only executive experience was on the Chicago Annenberg Challenge, which was regarded as a failure by its sponsors.
When McCain's VP has better qualifications than Obama himself, it reveals great weakness in the Democrat ticket.
Then there's Obama's terrorist friend Bill Ayers, who helped launch his political career and worked with him on a failed education project that wasted over $100 million. But you won't hear about that while Sarah Palin's daughter's pregnancy is national news.
The Republicans' candidate for vice president has received more intense media scrutiny than the Democrats' candidate for President.
The problem is with confidence, the mental part of the economy. The value of money is based on confidence that the work you do for a dollar today will buy you a dollar's worth of goods tomorrow. More so in the case of a credit-based economy such as an advanced capitalist society -- much work gets done on the basis of confidence that if someone lends money for a house, that money will return with interest. In turn, this provides work for builders.
Losing that confidence is what is at risk here. It hasn't happened on a big scale since the Great Depression, and I hope it won't happen again.