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I'm REALLY getting tired of government | by Adiplomat | 2009-03-23 09:29:58 |
| Forgive if it looks like a pun |
by SciSSorS |
2009-03-23 10:47:53 |
But ... isn't the Obama administration just "cashing in" on the FUD that has been sowed (sown? sewn?) by the predecessors? Or ... isn't he big enough to abandon this "use of fear" right away? After all, this has beengoing on for a long time. Wasn't that spectacular airplane bombing already ... nine years ago? I *know* I was still working at a very different adress, and that our "agency" still was "an institute".
If the spreading of fear has been "the policy to get things done" for so long, I guess it's difficult to turn that around overnight (well, in a month and a half)
On the other hand: the "fincomps" colouring outside the lines has been going on for long enough as well, and it seemed to be "the stock markets" who were screaming all summer that "something had to be done", that "government should now act responsible and give us our lotto tickets back" because ... it hurts to lose millions (or more) in a gambling game that has been bringing in the money for a long time.
Where did that money come from in the first place?
From cutting the wages and security of those people who couldn't pay their mortgages , maybe?
When the stock of a company (be it a bank or not) falls below a certain lower limit, people will come and buy. But somehow "government" should not do that?
I know very well, that if (not when) I had had some loose 100.000.0000.000 "to spend" when our Fortis bank was dropping -fast- last october, I'd be tempted not to "buy them all" at the low price of that moment. If I could 've "taken over" all of their bookkeeping, and with a 70% or more majority of shares bought at "nearly no price", I could've afforded the one-sweep-write-off of those junk things, and have that bank do the normal banking business. If, later or much later, some good fractio of those repackaged junk loans would be repaid (not everyone stopped paying their loans), that would be "new and unexpected profit".
So if today governments would do that, it's evil ? Wheras if I could've found that money (through UF board we even have connections in India, Taiwan, Australia ... ), it would 've been "good for business" ?
I suspect the governments won't like running the banking business all by themselves, and they'll get tired of doing the less visible part of it: clerks talking to people, checking their payback value, evaluating the real value of the collaterals ... ) so they won't hold on to thoe (fluctuating) stock value for too long.
Governments are at their best in spending money, not directly generating it (though it's them who have the privilege on printing the bills).
And when the govt spends the harvested tax <dollars> on projects broad enough, the whole economy flourishes, not only the suppliers of stuff "consumed in wars" |
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[ Reply ] |
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I mentioned Bush II's use of fear, | by Adiplomat | 2009-03-23 10:52:54 |
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To make a point about | by nobius | 2009-03-23 11:10:18 |
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