Flame — HabitableZone

Flame » in reply to Be It Resolved:

re: Be It Resolved:

I'm assuming you're including the ones who said Fannie Mae and Freddie Mac were solid as a rock?

We are not in 1929. That was a whole different world. There aren't going to be bread lines, massive unemployment in the 29 percent range, or any of the other major issues that happened to a barely-industrial society.

Half of what you're seeing now is panic, not an objective problem. Of course, half of it isn't. There are real issues that need to be dealt with, but we don't need to re-engineer the U.S. from the ground up to do it.

Good luck finding the "new brains." Like I've said before, almost everyone who really knows how economics works has been ejected from the halls of power. Reality doesn't sell well in Washington.

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