Jim Rogers used to live in America. When he had the means to live anywhere he wanted, he moved to Singapore. Here is how he describes what is going on now:
"Why are 300 million Americans having to pay for Citibank's mistakes? The way the system is supposed to work: people fail and then the competent people take over the assets from the failed people and you start again with a new, stronger base. What we are doing this time is they are taking the assets from the competent people, giving them to the incompetent people, and saying 'okay, now you can compete with the competent people.' So everyone is weakened. The whole nation is weakened. The whole economy is weakened. That's not the way it is supposed to work."
His entire interview is here. It's long, but very good. There is a better way that doesn't involve bloodshed, but we have to move fast.
In other words, a Russian foreign affairs expert suggests his country may want to consider taking over Alaska.
4 comments:
If you like theological drivel then by all means read Atlas Shrugged..
It was deregulation that rewarded and protected incompetent people. The regulators themselves were incompetents as they sought to protect their own kind.
Our founders clearly understood that we are not angels. Alexander Hamilton and/or James Madison wrote:
"If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself."
Republican deregulation mentality disabled government's ability to control the governed. That failure resulted in government unwilling to control itself.
Bush turned government over to courthouse cronies, hayseeds and hacks to run the government. Examples include Cheney and favorable Big Oil energy policies; Brown and FEMA demonstrating its inability to respond to natural disasters, and Paulson, still screwing around messing up the economy.
When a competent Obama team comes in, Bluegrass Policy screams bloody murder, shouting "Socialism!" They only thing the conservative right is concerned about is that their socialism for the affluent few is threatened.
Fairness is something conservatives loathe and hate.
Okay, put Hempy down as one "yes" vote for endless bailing out of failed businesses.
No more bailouts! Roar!
(And A.S. is NOT drivel)
Competent at what, Hempy? Executing socialism? I'm sorry to say, as little experience as Palin actually had, Obama appears to have had less. In fact he has had absolutely no experience running any level of government as administrator. And he may have been the biggest Congressional cheerleader for the bankers bailout. No surprise since three quarters of the contributions from wall street went to Obama rather than McCain.
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