2008 explained in 3 minutes and 30 seconds!
(HT -- The Anchoress)
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Rhetorical Flourishes!
Our Motto!
"Faith and reason are like two wings on which the human spirit rises to the contemplation of truth; and God has placed in the human heart a desire to know the truth—in a word, to know himself—so that, by knowing and loving God, men and women may also come to the fullness of truth about themselves"
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Everything I say here is my own opinion and not the opinion of my employer, any organization I belong to, the Roman Catholic Church, and (especially) my wife!
Read it at your own risk.
Read it at your own risk.
Blog Archive
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2009
(48)
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January
(28)
- A Bit of Latin
- Pope Benedict and the Lefebvrist Puzzle
- Twice in one week
- Things blow up
- I Want Some TARP!
- A Quote I Like
- Where are the Catholic Novelists?
- My Pledges and Promises to the President
- Why Pray for the President?
- Why I Pray for the Best for the President
- The First Black President
- Headline of the Day
- A Thought for Inauguration Day
- Pope Benedict on "The Apostles"
- Advice to President Elect Obama
- Is it too early to think of 2012?
- The Inauguration
- A Few Thoughts on Dynasties in Politics
- Some Thoughts on Dying
- It's a Catholic Thing
- Dear Mister Spitzer
- Can we afford a Keynesian Solution?
- More thoughts on the Gaza War
- Leon Panetta for CIA
- Thoughts on Epiphany
- A Quote I Like
- Predictions for 2009 (Part 1)
- Happy New Year!
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January
(28)
Email me
thecatholiclibertarian -at- yahoo.com
Posts
3 comments:
Anthony--
With regard to the economy, what does your crystal ball mean by "the economy will self-correct?"
Does this mean that the millions of unemployed workers will have found jobs, or does it just mean that the investor class will have cut some of its losses and started to make real money again?
I think that credit will eventually loosen up and that things will get working again. Unemployment will still be higher than its recent lows, but will drop. It will still be a difficult year for everyone.
I think that the "bailouts" have been ill advised. With respect to subprime, I think that if the government stayed in the background, the holders of the debt (probably secondary holders) would have worked out the issue. I think you would have seen a split into "bad" bad debt and "good" bad debt. The bad bad debt would have simply been foreclosed up, but the good bad debt (where the debtor was in difficulty, but should be able to pay eventually) would have been reworked. With respect to the auto companies, they should have declared bankruptcy so they could restructure and come out of it in a few years (bankruptcy does not mean the end).
Instead, we have given this bailout money -- where is it going? Are the CEOs of these companies taking pay cuts?
Anthony--
My comment actually belonged on the predictions thread, as it refers directly to one of them. Sorry. I copied it up there. You can delete it here. Sorry.
Btw, I don't see how your response answers my central question...?
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