PUTTING THE CREDIT CRISIS IN PERSPECTIVE
14 December 2009 by TPC
3 Comments
It kind of feels like the credit crisis is behind us, right? Spreads have normalized, markets have rebounded a large portion of their losses, etc. But don’t be fooled. These problems will plague the U.S. economy for years to come. As the top comment on YouTube says – “This should be required viewing for everyone in Congress”.
Wow, that’s an amazing video. Why do we believe we can spend our way out of a debt crisis?
billw Reply:
December 14th, 2009 at 7:36 PM
The current liberal leadership of our country does not really care if the spending solves our problem of too much debt, but they do care that it allows them to take over control of all parts of our economy. That basically leaves us as serfs working for the elite liberals and their bankster buds. Virtually every Republican in Congress ( all except for two liberals) voted against the 787 billion dollar stimulus bill. Did you notice how little air time that received on MSM? The MSM is fronting for one party so they are no different than the news media in communist countries except here they perform that deed willingly. We have all kinds of internet experts such as TPC, ZH, Karl Denninger, Calculated Risk, et. al. that have been screaming from the mountain top that that is the wrong way to go. How much time have they received on the MSM ( zilch)? Then take into account such experts as Jim Rogers, Richard Russell, Paul Volcker, Marc Faber, Janet Tavakoli, William White, Steve Keen, Nassim Taleb and many others have also voiced their concerns that what the current Obama team is doing is the wrong tactics to be using on a debt based issue. How much time are they given when compared to the sunshine pumpers? But they will receive a lot of time when the s*** finally hits the fan, of course by then it will be too late. I really would not mind it so much , but I live here too and will be forced to suffer the consequences along with everyone else.
A lot of distortions of the truth there. Don’t believe all the negativity. I’m not saying it is good, just much less bad than projected here.
Think for yourself.
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