Comments on: Loving the Financial Crisis http://pjmedia.com/blog/loving-the-financial-crisis/ Wed, 15 Feb 2012 15:50:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Zeke http://pjmedia.com/blog/loving-the-financial-crisis/#comment-231278 Zeke Tue, 31 Mar 2009 17:04:17 +0000 http://pajamasmedia.com/?p=49799#comment-231278 Tristan- Great meta-perspective :) You pretty much nailed it. I am reminded of when the Soviet Union collapsed, and all the former republics declared their independence... The West celebrated and said to the Russians "yes, it will be rough for you at first, but after you go through a period of 'shock therapy', you will see how democracy and capitalism drastically improve the average standard of living." And that is exactly what happened... Look at the average Russian's standard of living now, compared to Communism. With that in mind, I think if we took our own advice, and went through a little "shock therapy" here in the US (letting substandard institutions fail rather than propping them up), that would also bode well for our future and our kids' futures. Tristan-

Great meta-perspective :)

You pretty much nailed it.

I am reminded of when the Soviet Union collapsed, and all the former republics declared their independence…

The West celebrated and said to the Russians “yes, it will be rough for you at first, but after you go through a period of ‘shock therapy’, you will see how democracy and capitalism drastically improve the average standard of living.”

And that is exactly what happened… Look at the average Russian’s standard of living now, compared to Communism.

With that in mind, I think if we took our own advice, and went through a little “shock therapy” here in the US (letting substandard institutions fail rather than propping them up), that would also bode well for our future and our kids’ futures.

]]> By: Whitehall http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227907 Whitehall Wed, 25 Mar 2009 04:56:12 +0000 http://pajamasmedia.com/?p=49799#comment-227907 I hate to say it, but I'm doing fine. I work in the nuclear power industry and we have always been a counter-cyclical industry. When times are booming, we're limping along. When times are tough, people get serious about building new nukes. The last Good Times were under Carter until 20% interest rates killed a bunch of projects. I know it is selfish but that's the way things seem to work. I hate to say it, but I’m doing fine. I work in the nuclear power industry and we have always been a counter-cyclical industry. When times are booming, we’re limping along. When times are tough, people get serious about building new nukes. The last Good Times were under Carter until 20% interest rates killed a bunch of projects.

I know it is selfish but that’s the way things seem to work.

]]> By: Tristan Yates http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227836 Tristan Yates Wed, 25 Mar 2009 01:41:58 +0000 http://pajamasmedia.com/?p=49799#comment-227836 Thanks for the comments - its why I enjoy writing for Pajamas. For Knights13: "The great constitutional corrective in the hands of the people against usurpation of power, or corruption by their agents is the right of suffrage; and this when used with calmness and deliberation will prove strong enough." - Andrew Jackson, Letter to James Buchanan, June 25, 1825 Thanks for the comments – its why I enjoy writing for Pajamas.

For Knights13:
“The great constitutional corrective in the hands of the people against usurpation of power, or corruption by their agents is the right of suffrage; and this when used with calmness and deliberation will prove strong enough.”

- Andrew Jackson, Letter to James Buchanan, June 25, 1825

]]> By: vivo http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227376 vivo Tue, 24 Mar 2009 11:01:12 +0000 http://pajamasmedia.com/?p=49799#comment-227376 If you want to understand the messy financial situation of the USA (and the World), and have the patience to read it, open the following link. I guarantee that it will SHOCK you. http://www.rollingstone.com/politics/story/26793903/the_big_takeover I predict that in six months (or less) the name of Joseph Cassano (from AIG) will be a household name (along with Bernie Madoff, Mike Milken, Enron, et al) If you want to understand the messy financial situation of the USA (and the World), and have the patience to read it, open the following link. I guarantee that it will SHOCK you.

http://www.rollingstone.com/politics/story/26793903/the_big_takeover

I predict that in six months (or less) the name of Joseph Cassano (from AIG) will be a household name (along with Bernie Madoff, Mike Milken, Enron, et al)

]]> By: KZ http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227308 KZ Tue, 24 Mar 2009 05:18:23 +0000 http://pajamasmedia.com/?p=49799#comment-227308 I don't see Socialism approaching, I see something a bit darker. I think the term National Socialism might be more accurate, although what's coming will be unique in its own way. Crisis and fear are prime tools of Statists; enough crisis and fear that any attempt at measured thought regarding the path offered will be ignored. This a danger well-documented in history. This is where we currently are. I don’t see Socialism approaching, I see something a bit darker. I think the term National Socialism might be more accurate, although what’s coming will be unique in its own way. Crisis and fear are prime tools of Statists; enough crisis and fear that any attempt at measured thought regarding the path offered will be ignored. This a danger well-documented in history. This is where we currently are.

]]> By: Knights13 http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227144 Knights13 Tue, 24 Mar 2009 00:38:12 +0000 http://pajamasmedia.com/?p=49799#comment-227144 "The crisis is making these kinds of things possible, and I hate it, but I LOVE the silver lining! There’s nothing, NOTHING, like coming out ahead in a family argument! :D" I'm usually the guy who sits in the corner and throws another question. A discussion about the electric car would come up. It would be all wonderful, just plug it in and so on. Then I would say; well then what happens to the truck drivers and gas stations? hehe Tristan, sure the leftists can say that the free market doesn't work. An entirely free market doesn't work since it leads to corruption. A regulated free market works well when the regulators are there only to view the market. Once the corporations and the regulators are seen close then that leads to corruption too. It's more of a balance thing then either extreme working well. “The crisis is making these kinds of things possible, and I hate it, but I LOVE the silver lining! There’s nothing, NOTHING, like coming out ahead in a family argument! :D ”

I’m usually the guy who sits in the corner and throws another question. A discussion about the electric car would come up. It would be all wonderful, just plug it in and so on. Then I would say; well then what happens to the truck drivers and gas stations? hehe

Tristan, sure the leftists can say that the free market doesn’t work. An entirely free market doesn’t work since it leads to corruption. A regulated free market works well when the regulators are there only to view the market. Once the corporations and the regulators are seen close then that leads to corruption too. It’s more of a balance thing then either extreme working well.

]]> By: Chuckt http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227032 Chuckt Mon, 23 Mar 2009 20:34:59 +0000 http://pajamasmedia.com/?p=49799#comment-227032 Mrs. Rodriguez: yes, it is time for Americans to get what they vote for. Someone once said, "People should get what they vote for . . . . good and hard." Obama and his band of socialists are transforming the country into a neo-European pansy-state, full of government hand-out seekers & limp-wristed, bleeding-heart, liberals, or as Schwarzenegger calls them, "girlie-men." Mrs. Rodriguez: yes, it is time for Americans to get what they vote for. Someone once said, “People should get what they vote for . . . . good and hard.” Obama and his band of socialists are transforming the country into a neo-European pansy-state, full of government hand-out seekers & limp-wristed, bleeding-heart, liberals, or as Schwarzenegger calls them, “girlie-men.”

]]> By: Marc Malone http://pjmedia.com/blog/loving-the-financial-crisis/#comment-227012 Marc Malone Mon, 23 Mar 2009 19:52:59 +0000 http://pajamasmedia.com/?p=49799#comment-227012 My brother is an Independent living in TX. He buys into all the Global Warming crap, and we have short, bitter arguments about it. I won yesterday. Oh, he still believes in the nonsense. However, I explained cap-n-trade to him. He'd never heard of it. (There's a clue for you.) At first, he thought taxing the carbon emitters was a great idea. Then I explained how it would double or treble his electric bill. He quickly sang a different tune. I laughed hard when I hung up. The crisis is making these kinds of things possible, and I hate it, but I LOVE the silver lining! There's nothing, NOTHING, like coming out ahead in a family argument! :D My brother is an Independent living in TX. He buys into all the Global Warming crap, and we have short, bitter arguments about it. I won yesterday. Oh, he still believes in the nonsense. However, I explained cap-n-trade to him. He’d never heard of it. (There’s a clue for you.) At first, he thought taxing the carbon emitters was a great idea. Then I explained how it would double or treble his electric bill. He quickly sang a different tune. I laughed hard when I hung up.

The crisis is making these kinds of things possible, and I hate it, but I LOVE the silver lining! There’s nothing, NOTHING, like coming out ahead in a family argument! :D

]]> By: Mrs. Rodriguez http://pjmedia.com/blog/loving-the-financial-crisis/#comment-226859 Mrs. Rodriguez Mon, 23 Mar 2009 15:43:52 +0000 http://pajamasmedia.com/?p=49799#comment-226859 I love it because it's time for Americans to get what they vote for. And it shows Obama for the radical leftist that he is. Also, the "crisis" entertains and motivates me to work hard while saving and investing conservatively. This is a time for partisan democrats and the mainstream media to open their eyes, and I hope this situation enlightens them. I love it because it’s time for Americans to get what they vote for. And it shows Obama for the radical leftist that he is. Also, the “crisis” entertains and motivates me to work hard while saving and investing conservatively. This is a time for partisan democrats and the mainstream media to open their eyes, and I hope this situation enlightens them.

]]> By: seven http://pjmedia.com/blog/loving-the-financial-crisis/#comment-226845 seven Mon, 23 Mar 2009 15:33:57 +0000 http://pajamasmedia.com/?p=49799#comment-226845 In the times of a robust economy, a sudden installation of a socialist agenda doesn't do as much damage and doesn't do it as quickly. I suspect we will find this experiemnt a flop and spend a lot more energuy getting out of the mess obama is creating daily. In the times of a robust economy, a sudden installation of a socialist agenda doesn’t do as much damage and doesn’t do it as quickly. I suspect we will find this experiemnt a flop and spend a lot more energuy getting out of the mess obama is creating daily.

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