Oh the banks are responsible for our crappy economy? Well they largely are, since they helped Obumbles get elected in 2008. But I don't think the over educated idiot I just overheard meant it in that way. Give me a freaking break. If an over powerful government was not strangling businesses with a bunch of nonsense regulations could banks prevent growth right now?
Hell No --- folks are getting 0.72 percent interest on CDs. They would be happy to invest in businesses and get better returns if they felt the business had a decent chance to succeed versus getting way less than the *REAL* rate of inflation on their savings.
I don't understand how people can fail to see that if we get rid of Barky and give businesses a chance to grow we *might* gain enough time to get the freaking entitlements under control before we follow Zimbabwe, Argentina, 1920's Germany et al down the path of ruinous inflation. Otherwise folks dependent on government checks are going to be begging in the streets and probably not getting much sympathy from the folks whose life savings vanished. The elderly or otherwise disabled from THAT group will be having to beg too in short order and only those with valuable skill sets or productive land that can barter for or grow what they need or demand raises/increased prices on *their* goods on the fly are going to be getting along OK.
Do people really delude themselves into thinking "oh aliens came in and wiped out all the great civilizations" ? Really?? --- and more recently the Germans and English tribes were just such awesome fighters that they were able to overrun the Roman Empire -- the crushing amount of bureaucracy and taxes to fund bread and circuses to buy the votes from the poor segment of the population had nothing to do with Rome's collapse?
So sad to see how many people just delude themselves into thinking things will just continue even while their "democratic" ie mob rule grabbing of the rewards slowly but surely crushes all incentives for the productive to continue producing.
Tuesday, September 11, 2012
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