Showing posts with label the fed. Show all posts
Showing posts with label the fed. Show all posts

9.25.2008

Fight the Downturn Yourself

Buy American. Buy local. Cut up credit cards. Plant a garden to grow some of your own food.

If everyone in America decided to only buy American, it would be a large, focused economic power that we really need right now.

FIGHT for energy independence.

Throw eggs at investment bankers. I've been promising a lot lately to my readers, but this last one I think is the kicker. We need to find those greedy bastards and ATTACK!! No deadly force, just a few ruined suits and the sounds of breaking egg shells. If I think for a moment, I could come up with some way the egg throwing could be deeply symbolic. Ah, well.

9.18.2008

This is what Inflation is Made Of

I understand that there needs to be a coordinated effort across many central banks to steady this credit crisis. The move they have made to work together is great. Really.

But the side effect will be serious inflation. That's a whole lot of cash to be pumping into the world economy. The entire world is going to feel it.

The fallout from the world inflation is developing nations are not going to buy into the idea of globalization in the future. Nations are going to insist on their own food supplies being grown in their own countryside.

Further, we as a nation should be embarrassed that these socialist countries that we mock all the time are having to bail us out of our own foolishness and greed.

3.23.2008

Katrina and the Housing Crisis - A Conservative Philosophy

The disasters of Federal policy seen in the handling of Hurricane Katrina and the mortgage crisis have one common origin: the faulty belief that there is no Federal role in the national affairs of the United States. It's time to admit it. There are issues that are too big to be left to one state or the short-sighted greed of our financial community to manage.

The Bush Administration's "let the state handle it" philosophy did so poorly by the residents of New Orleans that even third world survivors of a tsunami felt bad for them.

Now the stability of our nation's economy is in jeopardy because we had a Fed Chairman, Alan Greenspan, who believed in the same limited role of government. Coupled with a President content to experiment with state's rights at the expense of our poorest residents, and these disasters are the result.

Have we had enough of "I believe in the free market" and "I believe in state's rights" as an excuse for greed and inaction? Probably not. Because as soon as their interests are hurt, people will find a sincere big-government liberal in their souls.