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  • From: EarthNSky <erthnsky AT bellsouth.net>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Fear & Loathing , new Peter Schiff interview, immeninent demise
  • Date: Sun, 11 Jan 2009 13:11:09 -0500



Lynn Wigglesworth wrote:
Once again, I agree completely with Peter Schiff. His ideas make SO much more sense than Obama's 'we need to spend our way out of this' philosophy. Geez; anyone who ever ran a household on a limited budget can see the stupidity in massive spending programs, and where it will lead. But the whole thing will have to collapse before the 'best and brightest' get it.


I know zip about economics, but I agree and think that that's why this country is not on the road heading out of Trouble. The fact that the best and brightest(whoever that really is) obviously don't get that spending without the money in hand is bad tells me that the roller coaster has just made the first drop and we have a long ride ahead before things level out. On a good coaster, you always have a notable first drop, then a bunch of ups and downs, and maybe one other killer feature, like a corkscrew or something. So yeah, as long as people have their heads in the sand about what really caused this mess(and IMO, it wasn't the POTUS at fault so change is futile on that aspect), we are headed down, down down on a long, slow, torturous crash.

Bev

--
"The world is my country, all mankind are my
brethren, and to do good is my religion."
Thomas Paine (1737 - 1809)




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