http://www.cnn.com/2009/POLITICS/03/17/cafferty.obama/index.html


But the point, I guess, is this: President Obama is attacking our country's problems on several fronts. He's got ambitious ideas on how to solve them, and he communicates a sense of calm and confidence to the rest of us as he goes about his business. Will all his ideas work? Of course not. But if you throw enough stuff at the wall, some of it will stick.

And at least I don't go to bed at night worried that I'll wake up in the morning to find out we're about to invade someone.

Interesting. And here I thought Cafferty was a right-wing nut job. Apparently, he still has his logic and reason intact. Course, most of the nut jobs are still trying to put together a posse to raid the White House and hang the socialist pinko commie who's doing all this work. "Gol dangit Fred, dems settin a bad example by doin all dat dere work stuff. It's unamerican! Barrack Osama is de Anti-christ!"

When your 401K drops in value by 50% you start waking up.

When your 401K drops in value by 50% you start waking up.

And that will be Obama's fault???

No, I think she meant that the previous administration caused this mess and that Cafferty actually sees some action to resolve the fact that his 401k is half of what it used to be worth, and that he admires that.

Since when did everyone start embracing Keynes?

Probably at the time of death of the capitalist global free-market? Wouldn't be long after that, I suppose.

Unless you believe that it somehow will miraculously recover this time before it's time for me to retire. Clock is ticking.

Probably at the time of death of the capitalist global free-market? Wouldn't be long after that, I suppose.

Unless you believe that it somehow will miraculously recover this time before it's time for me to retire. Clock is ticking.

What global capitalist free-market? There hasn't been one of those around for 100 years.

Probably at the time of death of the capitalist global free-market? Wouldn't be long after that, I suppose.
Did the great depression signal the death of capitalism? How about the depression of 1920? Or the panic of 1893 (the term they used to use for depressions)? Or 1873? Or 1857? Or 1837? Do you see a pattern? Periods of excessive growth, especially when that growth is due (in whole or part) to speculation, are followed by periods of economic downturns. Some are mild (recessions), some are severe (depressions). This is not the death throws of captitalism, but rather the natural process by which we periodically remove the "deadwood" from our economy.

Did the great depression signal the death of capitalism?

Not quite. WWII put the last nail in the coffin. We've been in a pseudo-capitalist, quasi-socialist system ever since.

Since when did everyone start embracing Keynes? Since they got tired of being treated as deadwood in Madanthony's scenario of successful capitalistic operations.

And since they got a couple of hard lessons in what violating Keyne's principles can bring you, in the 80s and the past ten years or so.

Did the great depression signal the death of capitalism? How about the depression of 1920? Or the panic of 1893 (the term they used to use for depressions)? Or 1873? Or 1857? Or 1837? Do you see a pattern? Periods of excessive growth, especially when that growth is due (in whole or part) to speculation, are followed by periods of economic downturns. Some are mild (recessions), some are severe (depressions). This is not the death throws of captitalism, but rather the natural process by which we periodically remove the "deadwood" from our economy.

But doesn't that kind of prove Keynes points? That it's doomed to fail and does repeatedly, and we keep propping it up over and over on fantasy money and credit? We gamble, and eventually our borrowing lines will be withdrawn.

Since they got tired of being treated as deadwood in Madanthony's scenario of successful capitalistic operations.

And since they got a couple of hard lessons in what violating Keyne's principles can bring you, in the 80s and the past ten years or so.

Keynes' principles? You mean having the government bury money under pyramids for you to dig up?

Not quite. WWII put the last nail in the coffin. We've been in a pseudo-capitalist, quasi-socialist system ever since.

Quite correct. Thanks to the massive debt and enslavement to banks(which suddenly CANNOT FAIL!!! - I WONDER WHY hmmmm?).

War->enslavement to banks and corporate arms/industrial complex.

Banks, insurance companies(which are melded to banks now), and the Lords of Mass Producto, have ALL manage to fuck up the greatest deal, money making enterprise ever had! Why - simple greed - ahhh the ENGINE OF CAPITALISM!

Making money from nothing serves no fucking use. Maybe people will learn something from this collapse ( a collapse just like any other from banks in the past). Maybe they will just do what they want, instead of chasing wealth and an easy life for their kids.