Comments on: There might not be a “plausible” way out of this country’s financial mess. http://dangerousintersection.org/2008/04/01/there-might-not-be-a-plausible-way-out-of-this-countrys-financial-mess/ Human Animals at the Crossroads of Culture, Science, Religion and Media Fri, 09 Jan 2009 11:10:30 +0000 http://wordpress.org/?v=2.6.5 By: grumpypilgrim http://dangerousintersection.org/2008/04/01/there-might-not-be-a-plausible-way-out-of-this-countrys-financial-mess/#comment-17367 grumpypilgrim Thu, 03 Apr 2008 00:13:30 +0000 http://dangerousintersection.org/2008/04/01/there-might-not-be-a-plausible-way-out-of-this-countrys-financial-mess/#comment-17367 I keep wondering why so many Republicans have supported Bush throughout his disastrous presidency, even though the writing has been on the wall for a VERY long time that his policies would send the U.S. careening into a financial black hole. Have his supporters already gotten such an embarassment of riches from his tax cuts that they just don't worry about it? Are they so obscenely greedy that they don't care about the debt load they are leaving for their children and grandchildren? I keep wondering how Bush's pals who have grandkids can stand to look at themselves in the mirror, knowing they have crippled the national economy, destroy the global environment and alienated nearly every other nation on the planet. I keep wondering why so many Republicans have supported Bush throughout his disastrous presidency, even though the writing has been on the wall for a VERY long time that his policies would send the U.S. careening into a financial black hole. Have his supporters already gotten such an embarassment of riches from his tax cuts that they just don’t worry about it? Are they so obscenely greedy that they don’t care about the debt load they are leaving for their children and grandchildren? I keep wondering how Bush’s pals who have grandkids can stand to look at themselves in the mirror, knowing they have crippled the national economy, destroy the global environment and alienated nearly every other nation on the planet.

]]> By: Dan Klarmann http://dangerousintersection.org/2008/04/01/there-might-not-be-a-plausible-way-out-of-this-countrys-financial-mess/#comment-17353 Dan Klarmann Wed, 02 Apr 2008 14:24:29 +0000 http://dangerousintersection.org/2008/04/01/there-might-not-be-a-plausible-way-out-of-this-countrys-financial-mess/#comment-17353 Using Y2K (2000) as a financial benchmark year is silly. This was a financial bubble year, much like early 1929. If you use 1995 as a benchmark, things don't look quite so bleak. Not good, to be sure. But why must we lie with statistics? Using Y2K (2000) as a financial benchmark year is silly. This was a financial bubble year, much like early 1929. If you use 1995 as a benchmark, things don’t look quite so bleak.

Not good, to be sure. But why must we lie with statistics?

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