Re: causes of the depression

On Sun, 04 May 2008 00:32:44 -0400, Les Cargill wrote:

> The Trucker wrote:
>> On Sat, 03 May 2008 20:17:31 -0700, orangatang1 wrote:
>> 
> <snip>
>> 
>> BUT BE WARNED!!!!!  The existence of low interest rates cannot make
people
>> borrow and spend.  If they are afraid that the rates will go back up or
>> that money will again be scarce then they will not borrow and spend.
> 
> The psychology of raw consumerism just isn't that sustainable. I
> perceive consumption fatigue out there.
> 
>  >  A
>> Fed chairman said that "It is like pu****ng a string".  When it gets
that
>> bad the government must find ways to get people actively involved in
the
>> economy through infrastructure projects and the like.
>> 
> 
> I will probably be struck by lightning, but.... higher tax rates
> on high incomes would probably provide enough schadenfreude to give
> the people on the bottom of the pile something to glow about.
> 
> Oh, inverted world....

Yes.   BZZZZZZZZZZZZZZZZZZZZZZZZZZTTTTTTTTTTTTTT!!!!!!!!!!!  as the
lightnin God gets you :)

-- 
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend