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Old 05-28-2009
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Originally Posted by randolph View Post
I think the bankruptcy of GM signals the end of the US as the dominant world power. The myopia of Greenspan and the worship of Milton Friedman's faulty economic theories allowed a runaway housing boom to turn into a gigantic Ponzi scam. We now risk rampant inflation in order to pay for the misdeeds. If Obama and his advisers can get us out of this mess he would deserve more than the Nobel prize. I am not holding my breath.
During WWII we pumped out more jeeps, planes, tanks, guns, bullets you name it and that was a big reason we won now every thing is made over seas if another wolrd war breaks out we are screwed because we can no longer make anything anymore, And Greenspan was only following orders from King George oh yes Regan nomics baby the biggest ever invented Jennifer
 


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