But they that wait upon the Lord shall renew their strength. They shall mount up with wings as eagles. They shall run and not be weary. They shall walk and not faint. Isaiah 40.31
Ron Paul said a few weeks ago that we have a "new kind of socialism of the fascist kind." One where we have the free market upside of profit but none of the downside of taking a loss. That is a BAD combo. Do you think it will change?
No, I don't think it will change. Bernanke and Paulson are putting into place all sorts of policies and procedures that will be used to keep the big guys from admitting their losses thus keeping them "solvent" in name only.
Due to the nature of the difficulties all of these changes are going through Congress with little analysis and no consideration of the long-term results.
Case in point, Fannie and Freddie should be broken up and forced into the private sector, but because of Paulson and Bernanke they have taken on even greater importance and are becoming even bigger. Unbelievable.
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Ron Paul said a few weeks ago that we have a "new kind of socialism of the fascist kind." One where we have the free market upside of profit but none of the downside of taking a loss. That is a BAD combo. Do you think it will change?
No, I don't think it will change. Bernanke and Paulson are putting into place all sorts of policies and procedures that will be used to keep the big guys from admitting their losses thus keeping them "solvent" in name only.
Due to the nature of the difficulties all of these changes are going through Congress with little analysis and no consideration of the long-term results.
Case in point, Fannie and Freddie should be broken up and forced into the private sector, but because of Paulson and Bernanke they have taken on even greater importance and are becoming even bigger. Unbelievable.
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