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Old March 2nd 09, 10:25 PM posted to rec.bicycles.racing
Mike Jacoubowsky
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Posts: 2,972
Default STOP THE FEAR MONGERING

"Tom Kunich" cyclintom@yahoo. com wrote in message
...
"Bill C" wrote in message
...

There was NO need for the panic mongering after 9/11 and we'll be
paying that pice for generations, and I think the same for this.


What? Are you saying that we shouldn't have elected an avowed
socialist into office and then act surprised when he is destroying our
system of government?


Tom: It's not our system of government that's been destroyed by Obama.
It's our way of life that had been destroyed by those in power the last
umpteen years, believing that regulation was bad, capitalism would take
care of itself. Which it would, if not for the information gap.
Information is everything, and the information that things were going
bad was kept very tight for a very long time.

What about the alternatives to what Obama has been pushing? For example,
just let things fall apart and pick up the pieces. Let those who have
profited from shady dealings collapse rather than be rescued. The
economy would come to a standstill very quickly indeed. Business as
usual would no longer be.

But...

Would it actually be worse than prolonging things as we are now, looking
for the bottom but not knowing what the bottom looks like? Wanting so
badly to start "recovering" but because we keep throwing band-aids out
there, that recovery from the bottom is further off?

There's going to be a lot of pain no matter what. The biggest difference
between this "recession" and those of the past is that I usually didn't
even know we were in a recession before until somebody defined it later.
Not this time.

OK, but let's get back to a specific "socialist" act of the current
administration.

Should the government own 80% of AIG, or should it have let it fail?

--Mike Jacoubowsky
Chain Reaction Bicycles
www.ChainReaction.com
Redwood City & Los Altos, CA USA


"Tom Kunich" cyclintom@yahoo. com wrote in message
...
"Bill C" wrote in message
...

There was NO need for the panic mongering after 9/11 and we'll be
paying that pice for generations, and I think the same for this.


What? Are you saying that we shouldn't have elected an avowed
socialist into office and then act surprised when he is destroying our
system of government?



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