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The Basement
Chrysler paid....
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<blockquote data-quote="John Roberts" data-source="post: 30974" data-attributes="member: 126"><p>Re: Chrysler paid....</p><p></p><p></p><p>A lot of people up and down the food chain benefitted from the artificial prosperity created by false, inflated home values... In fact the entire economy was fat and happy while the music was playing... A lot of unrelated businesses were also stimulated by that rising tide. Now it's time to pay the piper for all the non-existant wealth that was really spent by real people, on real (overpriced) stuff. </p><p></p><p>I'm sorry that the "can't lose" investment of buying a home, turned into a loser for so many people, but there is no such thing as a can't lose investment. </p><p></p><p>As a drop out, who hired and managed numerous engineers with and without degrees, a college education is IMO over rated. We as individuals control and are responsible for our destiny. Government help, invariably makes things worse. One of the few government programs that appeared productive, was a proactive retraining program in a small European country (Denmark?). Instead of paying unemployed to sit on their ass, they received targeted training that made them more employable. </p><p></p><p>This discussion is always going on in the background between thoughtful people, but the public discussion as managed by partisan operatives is always reduced to some lowest common denominator, for a public with an attention span that can barely grasp one concept at a time. At the moment the popular message is pushing grand ma over the cliff by taking away her medicare. </p><p></p><p>Ironically in response to the wisdom of our military adventures, Iraq is starting to stand out as a beacon as the rare arab democracy, in the middle of an arab spring democratic movement in several nations, with the arab street hungry for self rule. You can argue this would have happened anyhow. I am not so sure. </p><p></p><p>It was almost Viet Nam over again, be we had leadership that didn't quit in the middle of the fight. There is much fault to find in the early prosecution or even choice of where to fight, but so far it is looking promising. Young democracies are always messy (so are old ones). </p><p></p><p>We can have an honest debate about all of this,,, there are many politicians that steer military spending for local benefit whether we as nation need these programs or not. Congress needs to be fixed, and an amendment to limit total spending to a percentage of GDP will damp down all spending and make us more critical of our spending choices. Now they are spending like it's monopoly money with no consequences. The amount of waste in government spending is spectacular. Government programs invite fraud. We need to run a tighter ship. </p><p></p><p> </p><p>Huh? You have lost me on this one... We don't need more government and new laws, we need them to actually do their real job, and enforce old laws, while some recent ones seem to be over reaching and need to be trimmed back to something realistic. </p><p></p><p>of course i could be wrong... </p><p></p><p>JR</p></blockquote><p></p>
[QUOTE="John Roberts, post: 30974, member: 126"] Re: Chrysler paid.... A lot of people up and down the food chain benefitted from the artificial prosperity created by false, inflated home values... In fact the entire economy was fat and happy while the music was playing... A lot of unrelated businesses were also stimulated by that rising tide. Now it's time to pay the piper for all the non-existant wealth that was really spent by real people, on real (overpriced) stuff. I'm sorry that the "can't lose" investment of buying a home, turned into a loser for so many people, but there is no such thing as a can't lose investment. As a drop out, who hired and managed numerous engineers with and without degrees, a college education is IMO over rated. We as individuals control and are responsible for our destiny. Government help, invariably makes things worse. One of the few government programs that appeared productive, was a proactive retraining program in a small European country (Denmark?). Instead of paying unemployed to sit on their ass, they received targeted training that made them more employable. This discussion is always going on in the background between thoughtful people, but the public discussion as managed by partisan operatives is always reduced to some lowest common denominator, for a public with an attention span that can barely grasp one concept at a time. At the moment the popular message is pushing grand ma over the cliff by taking away her medicare. Ironically in response to the wisdom of our military adventures, Iraq is starting to stand out as a beacon as the rare arab democracy, in the middle of an arab spring democratic movement in several nations, with the arab street hungry for self rule. You can argue this would have happened anyhow. I am not so sure. It was almost Viet Nam over again, be we had leadership that didn't quit in the middle of the fight. There is much fault to find in the early prosecution or even choice of where to fight, but so far it is looking promising. Young democracies are always messy (so are old ones). We can have an honest debate about all of this,,, there are many politicians that steer military spending for local benefit whether we as nation need these programs or not. Congress needs to be fixed, and an amendment to limit total spending to a percentage of GDP will damp down all spending and make us more critical of our spending choices. Now they are spending like it's monopoly money with no consequences. The amount of waste in government spending is spectacular. Government programs invite fraud. We need to run a tighter ship. Huh? You have lost me on this one... We don't need more government and new laws, we need them to actually do their real job, and enforce old laws, while some recent ones seem to be over reaching and need to be trimmed back to something realistic. of course i could be wrong... JR [/QUOTE]
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