The environment has now been established for the next stock market crash. Everything we do know about the economy is unsettling. Then there are the things that we don’t know about, like the bailouts and stimulus plan. Finally, there are plenty of things that we have never even considered, like how does all this government intervention impact the people who currently want to buy “toxic” assets from banks or automobile factories in Detroit. FULL ARTICLE
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4 comments ↓
Some people tell me that this is just the beginning of the end for our economic woes. I believe this is just the end of the beginning. We’ve got a long way to go, and it’s all down…
If the author is correct ( not saying he isn’t) but i would ask him as well as others here besides cutting the spending and trimming the budget as President Obama has said ( last night during the “congessional pep rally” ) he will attempt and try to do, What will the author recommend to the white house, the house and senate ? has the author an idea, an out line that will help what american industries there remain here in America do something about the “trade defficit” that has been going on for decades ? Does the Author have a plan or a idea of how to wean many many US Chamber of Commerce multi-national corperation member off of the 23 H-B1 visa programs and settle say for 8 visa programs ? has the author said that he will rigoriously work for and to keep permanately the E-Verfey program for all US companies as well as state,and federal government contractors ? has the author seriously considered any of those things i listed…that the Bush and now Obama Adminstrations (along with the last 2 sessions congress) have openly & flagrently ignored ? I have read this article twice and some of his other articles…and sadly i don’t see any mention of these things in conyext or detail…hmmm …or is something like that being overly simplistic ?
I think Thornton made his “plan” quite clear. And following it will help deal with, or simply eliminate the worry about, many of the problems you’re talking about, Steve. Here it is again:
“The path to recovery is clear: cut taxes permanently, eliminate government programs, balance the budget, eliminate regulation, free the entrepreneur, establish free trade, eliminate the Federal Reserve, and return to the gold standard. The economy would recover before Congress could finish reciting those 28 words”
I wholeheartedly agree!
Thank you Mr. K…i do stand corrected…
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