Comments on: AUDIO-”Lost Decade” is not in the cards for U.S. economy — Sun Capital

By: Susan

Susan — Fri, 26 Sep 2008 09:56:35 +0000

We’re not in a unique situation. I support recapitalization, as done by Sweden for their mortgage crisis, whereby we the taxpayers end up with an equity position.

Paying cash for trash is not a solution in the taxpayers interest. Especially is it not fair given the huge debt that is already going to be foisted on folks who get up every day and put in 40 hours a week and probably will be doing so until they are 70, thanks to the feckless and greedy.

By: John D

John D — Thu, 25 Sep 2008 14:26:39 +0000

He’s (GW Bush)been avoiding the word recession long enough. I would vote for a three year old rather than to waste my vote with the next bush clone, Mccain.
John

By: Sandfo

Sandfo — Thu, 25 Sep 2008 12:44:05 +0000

Why is it that everything is a “hurry up” crisis. It seems that these type of doomsday scenarios always occur when there is no time left to debate. Life seems to be continuing so far without bailouts, people are still struggling to make ends meet, or make mortgage payments, and some are even in foreclosure. The credit crisis is here already, banks have already tightened credit. Giving banks more money doesn’t mean they are going to loosen credit, or make it any easier to get a loan. Will it really result in a recession if Wall Street Banks collapse? Bankers may lose their jobs, but the hamburger flippers will still be employed. This bailout stuff is nothing more than a money grab before it all collapes and the present administration has left town.

By: Tim Tracy

Tim Tracy — Thu, 25 Sep 2008 02:06:54 +0000

If I put $100.00 down on the table at the casino and I lose it I gambled and I lost. No one is standing there to give me my money back. People who chose to get in over there head’s with a home loan they could not afford gambled and lost. The banks that loaned the money gambled and lost.
So now the Bush administration thinks that I should bear that loss. B—S—!!! The people that are being asked to bail this out our the responsible ones that pay their bills and spend their money wisely. What this country needs is a leader with a back bone that will put this back on the people who gambled

By: Capitalist Pig

Capitalist Pig — Wed, 24 Sep 2008 23:46:42 +0000

You have got to be kidding. You know how you can avoid systemic meltdown? Let the market break up into less centralised centres of organisation and capital as it wants to. The message from the free market is clear – it demands a more decentralised structure that can adapt and is more resilient to the rapid changes of the modern economy, where only parts suffer when a crisis/build up of mistakes hit and the whole system is never in threat. The idea of “Too big to fail” (bailouts and more regulations that concetrate power) would be turned into “Too big not to fail”, if we were really to heed the message of Mr Market.

By: Clyde Preston

Clyde Preston — Wed, 24 Sep 2008 21:51:53 +0000

This is aproblem that has been in the making for nine
years. There was plenty of opprutunities to head off
the results this will cause. There were regulations
that should have bee adhered to under federal law.

Now the American people must let the punishment fit
the crime. NO BAIL OUTS.

By: JD

JD — Wed, 24 Sep 2008 21:14:50 +0000

the system didn’t work…it NEEDS TO MELTDOWN and start over!