Comments on: The ‘Terrible Paradox’ of the Nation’s Credit Freeze http://washingtonindependent.com/41911/the-terrible-paradox-of-the-nations-credit-freeze National News in Context Tue, 31 Jan 2012 02:40:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: chris http://washingtonindependent.com/41911/the-terrible-paradox-of-the-nations-credit-freeze/comment-page-1#comment-37657 chris Wed, 06 May 2009 00:38:38 +0000 http://washingtonindependent.com/?p=41911#comment-37657 paradox?? this country has a FAKE i repeat FAKE economy ! 2/3 of it is morons buying junk on credit from places like china-mart. two massive pump and dump spec bubbles in ten years time. 600B in welfare for the 5 sided black hole. shipping jobs to places like bangawhore now that they have lights and bathrooms after bringing in the H-1B monkeys for 20 years as corporate welfare for TARP recieving garbage corps like amex. shittybank, bofa. america....circling the drain...glad to see it paradox?? this country has a FAKE i repeat FAKE economy ! 2/3 of it is morons buying junk on credit from places like china-mart. two massive pump and dump spec bubbles in ten years time. 600B in welfare for the 5 sided black hole. shipping jobs to places like bangawhore now that they have lights and bathrooms after bringing in the H-1B monkeys for 20 years as corporate welfare for TARP recieving garbage corps like amex. shittybank, bofa. america….circling the drain…glad to see it

]]> By: Vergilius http://washingtonindependent.com/41911/the-terrible-paradox-of-the-nations-credit-freeze/comment-page-1#comment-37658 Vergilius Wed, 06 May 2009 00:14:05 +0000 http://washingtonindependent.com/?p=41911#comment-37658 "Yet who would argue for the return of the same bad loans that caused the crisis to begin with?"<br><br>Most of Washington, DC, it seems.<br><br>People are trying to pay back debt instead of taking out more loans they can't afford, and Washington thinks it has to make up the spending gap, so it spends more tax money it doesn't have. We should have learned that previous levels of indebtedness were unsustainable, but Washington doesn't want to admit that it only brought us "fake" growth. <br><br>At the center of the lunacy, we see organizations like Fannie and Freddy, which were created to make housing more affordable, begging for help in keeping housing prices up. Central economic planning creates market distortions, which leads to malinvestment, which leads to the need for those malinvestments to be liquidated. And now the central planners are starting the cycle again. “Yet who would argue for the return of the same bad loans that caused the crisis to begin with?”

Most of Washington, DC, it seems.

People are trying to pay back debt instead of taking out more loans they can't afford, and Washington thinks it has to make up the spending gap, so it spends more tax money it doesn't have. We should have learned that previous levels of indebtedness were unsustainable, but Washington doesn't want to admit that it only brought us “fake” growth.

At the center of the lunacy, we see organizations like Fannie and Freddy, which were created to make housing more affordable, begging for help in keeping housing prices up. Central economic planning creates market distortions, which leads to malinvestment, which leads to the need for those malinvestments to be liquidated. And now the central planners are starting the cycle again.

]]> By: chris http://washingtonindependent.com/41911/the-terrible-paradox-of-the-nations-credit-freeze/comment-page-1#comment-29785 chris Tue, 05 May 2009 17:38:38 +0000 http://washingtonindependent.com/?p=41911#comment-29785 paradox?? this country has a FAKE i repeat FAKE economy ! 2/3 of it is morons buying junk on credit from places like china-mart. two massive pump and dump spec bubbles in ten years time. 600B in welfare for the 5 sided black hole. shipping jobs to places like bangawhore now that they have lights and bathrooms after bringing in the H-1B monkeys for 20 years as corporate welfare for TARP recieving garbage corps like amex. shittybank, bofa. america....circling the drain...glad to see it paradox?? this country has a FAKE i repeat FAKE economy ! 2/3 of it is morons buying junk on credit from places like china-mart. two massive pump and dump spec bubbles in ten years time. 600B in welfare for the 5 sided black hole. shipping jobs to places like bangawhore now that they have lights and bathrooms after bringing in the H-1B monkeys for 20 years as corporate welfare for TARP recieving garbage corps like amex. shittybank, bofa. america….circling the drain…glad to see it

]]> By: Vergilius http://washingtonindependent.com/41911/the-terrible-paradox-of-the-nations-credit-freeze/comment-page-1#comment-29780 Vergilius Tue, 05 May 2009 17:14:05 +0000 http://washingtonindependent.com/?p=41911#comment-29780 "Yet who would argue for the return of the same bad loans that caused the crisis to begin with?"<br><br>Most of Washington, DC, it seems.<br><br>People are trying to pay back debt instead of taking out more loans they can't afford, and Washington thinks it has to make up the spending gap, so it spends more tax money it doesn't have. We should have learned that previous levels of indebtedness were unsustainable, but Washington doesn't want to admit that it only brought us "fake" growth. <br><br>At the center of the lunacy, we see organizations like Fannie and Freddy, which were created to make housing more affordable, begging for help in keeping housing prices up. Central economic planning creates market distortions, which leads to malinvestment, which leads to the need for those malinvestments to be liquidated. And now the central planners are starting the cycle again. “Yet who would argue for the return of the same bad loans that caused the crisis to begin with?”

Most of Washington, DC, it seems.

People are trying to pay back debt instead of taking out more loans they can't afford, and Washington thinks it has to make up the spending gap, so it spends more tax money it doesn't have. We should have learned that previous levels of indebtedness were unsustainable, but Washington doesn't want to admit that it only brought us “fake” growth.

At the center of the lunacy, we see organizations like Fannie and Freddy, which were created to make housing more affordable, begging for help in keeping housing prices up. Central economic planning creates market distortions, which leads to malinvestment, which leads to the need for those malinvestments to be liquidated. And now the central planners are starting the cycle again.

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