lowecur
Well-known member
- Joined
- Sep 14, 2003
- Posts
- 2,317
It's all hubris. Our people and our elected officials are like a bunch of stumbling drunks that will never admit to destructive behavior until we have reached rock bottom. The old expression, "I can handle it," keeps echoing down the halls of Congress.
Someone asked earlier why don't we raise interest rates right now? It's because the financial system is in such poor shape from the subprime mess, that the Fed is trying to give the banks breathing room so that they can stop the hemmhorging. The problem is when you plug one leak, another just pops open. What we need is for a recession to just unfold. Our expenses are so damn high, we keep artificially propping the financial system up, hoping to keep the dream alive for another year.
Why are the Russians being as bold as they are? Because they know they have Europe by the sac with oil. Most of Europe (NATO), would never dare be adversarial for fear of Russia closing the oil spickett. It also wouldn't surprise me if Russia just went into Georgia and annexed it back, for the sole purpose of controling the 2nd largest oil pipeline in the world. Also, they don't fear the US military as they have in the past. Our fighting machine is tired and too broken down to offer any longterm serious resistance in Georgia.
We are a paper tiger and it's going to take years and lots of eating of humble pie before we get it turned around. Will we do it? Yeah, we always do it.....but we are going to be living with lots of pain in the next 3- 7 years.
imp:
Someone asked earlier why don't we raise interest rates right now? It's because the financial system is in such poor shape from the subprime mess, that the Fed is trying to give the banks breathing room so that they can stop the hemmhorging. The problem is when you plug one leak, another just pops open. What we need is for a recession to just unfold. Our expenses are so damn high, we keep artificially propping the financial system up, hoping to keep the dream alive for another year.
Why are the Russians being as bold as they are? Because they know they have Europe by the sac with oil. Most of Europe (NATO), would never dare be adversarial for fear of Russia closing the oil spickett. It also wouldn't surprise me if Russia just went into Georgia and annexed it back, for the sole purpose of controling the 2nd largest oil pipeline in the world. Also, they don't fear the US military as they have in the past. Our fighting machine is tired and too broken down to offer any longterm serious resistance in Georgia.
We are a paper tiger and it's going to take years and lots of eating of humble pie before we get it turned around. Will we do it? Yeah, we always do it.....but we are going to be living with lots of pain in the next 3- 7 years.
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