Comments on: Turning a recession into a depression

By: Philanthropist

Philanthropist — Thu, 11 Mar 2010 04:16:05 +0000

All levels of government in the US are rushing full steam ahead towards a depression, elected officials aren’t about to veer away from disaster when there is so much pressure from government funded activists at every level. When the economy really does go bust there will be a lot of social upheaval – and officially favoured groups are going to bear the brunt of resentment.

By: Jack

Jack — Wed, 10 Mar 2010 22:11:42 +0000

Agreed.

By: nomdeblog

nomdeblog — Wed, 10 Mar 2010 22:08:04 +0000

Mulroney would be a great help in a “sane” regime. But in this case …???

Pelosi is talking about Congress passing healthcare reform and she says …
“But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy.”

Unbleivable!

By: Jack

Jack — Wed, 10 Mar 2010 20:55:06 +0000

This is a good article but it needs to be "hooked up" with this one. Why would Mulroney be suddenly rehabilitated "out of the blue" UNLESS the government is a lot more worried by US protectionism than they appear to be.

It seems to me that Brian is the only person fully briefed on the file (it's his legacy) and if I'm right it's a truly smart move as they put him "on point" to save it in the days ahead.

He can do that you know.

By: nomdeblog

nomdeblog — Wed, 10 Mar 2010 14:30:15 +0000

The Dems don’t care about economics, they just buy votes. Now they are relying on the lack of economic history taught in our schools to rally unions and understandably scared workers. They can’t comprehend that American exceptionalism rests on global trade.

The wealth generation of global commerce was not invented by the US; it rose to prominence with the Venetians who benefited hugely from capitalism and maritime power. This was followed by the Dutch who took maritime trade to a new level, then the Brits and now the US.

Now the Obamamaniacs appear to be on the verge of repeating the mistakes of the 1930’s. As Gunter says “UCLA economist Lee Ohanian, who has specialized in the causes and effects of the Great Depression has calculated it was three times worse than it otherwise would have been, because of Smoot-Hawley and other protectionist measures”