Comments on: Are You a Complete Moron?

By: Mark

Mark — Mon, 01 Dec 2008 16:59:57 +0000

Amazing to see these folks laughing at Peter Schiff.
Among his wise words:
“Sometimes you gotta take the medicine.” “We should embrace this recession.”
I don’t know why we’re trying so hard to avoid recession. America is great not because the GDP grows every quarter, or because the Dow goes up. The Constitution does not guarantee these things.
Whatever the outcome, America will never be the same. At worst, socialists will continue to use this entire crisis as an excuse for a power grab. At best, we’re going to waste more of our kids’ future prosperity to prop up a bunch of lousy businesses. It’s like Food Lion got in trouble for many years back with old gray hamburger- they were wrapping fresh pink hamburger around the outside. That’s all we’re doing here.
And the morality of rewarding the over-reach of greedy companies, lenders, and homeowners is unbelievable. As a saver who sucked it up and rented rather than get an ARM or IO on a house I couldn’t really afford, it makes me so angry.

By: Jim Duncan

Jim Duncan — Thu, 20 Nov 2008 01:15:52 +0000

Thogek –

Pretty much.

By: Thogek

Thogek — Wed, 19 Nov 2008 21:13:52 +0000

Do I have this right? Our government is offering to bail out people from the results of their irresponsible behavior by encouraging more irresponsible behavior?

And we (collectively) have the nerve to wonder who people are so irresponsible, these days?

By: Damon

Damon — Mon, 17 Nov 2008 17:06:48 +0000

I hate talking heads. They did the exact same thing with the dot com bubble and will continue to do it. It’s hard to tell which of them know what they are talking about. Run your business and finances by numbers not analysts.

By: Todd Tarson

Todd Tarson — Mon, 17 Nov 2008 16:09:10 +0000

Oh my!! I knew I should have refinanced to buy toys. Darn my good judgment.