Thread: It's the World Economy Stupid

Today's plunge in the stock market gives political commentators from both sides to try and blame Obama or Bush.



Here's a novel idea. We are part of a world economy that is showing signs of serious strain. We are collectively mismanaging our assets and ascribing to ideas of public charity, price supports and socialism that we cannot support.



So Obama didn't cause it. Neither did Bush



But I don't see how any of Obama's policies are going to help.



Getting on the European bandwagon is no solution.



The solution is tight money management and far more conservative fiscal policies and most important, a thicker skin to the moaning of those who want freebies.

People still don't get it.



Answer this Kmiller, what is the source of Europe's woes?



We can get to the bottom of this PDQ like.

I'm not that smart, tell me, plus I just got back from John Harvard Happy Hour where they are celebrating the 40th anniversary of Stars Wars. I had a pint of Angry Chewbacca and one of Darth Vader Porter. So my brain is a wee bit scrambled..

[quote name='kmiller1610' date='20 May 2010 - 02:21 PM' timestamp='1274390500' post='153026']

I'm not that smart, tell me, plus I just got back from John Harvard Happy Hour where they are celebrating the 40th anniversary of Stars Wars. I had a pint of Angry Chewbacca and one of Darth Vader Porter. So my brain is a wee bit scrambled..

[/quote]

Well it isn't an issue of capitalism, or free market. I will let it go at that for now, unless you have a question. It is worth discussing however.