Wikinvest Wire

A new mood in politics

Saturday, January 24, 2009

It's Saturday and we're somewhere in Washington state right about now on our way to British Columbia ... how 'bout a little political discussion?


Anonymous said...

You can't fight mother nature. Debt homeostasis is in progress. More debt will do nothing. The free lunch counter is closed.

Steel Phoenix said...

We are framing the our industrial problems backwards. The real problem isn't that they are too big to fail. it is that they are too big to succeed. Any time you try to have your company do everything, you risk not being very good or efficient at any of it. What the companies really need is to be more modular. If cars were built like computers, you could choose your own build out of the most appropriate components, knowing that all of them were built by people who specialize, and that replacement parts would be standardized enough to be cheaply available. Instead of having massive companies building trucks, we should have smaller companies building things like regenerative brakes, transmissions, and fuel cells. make the connections standardized and the parts interchangeable. It fuels competition and makes any single company going under inconsequential.

"The economic miracle that has been the United States was not produced by socialized enterprises, by government-union-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline." – Milton Friedman

What we need is to be lighter on our feet. The days of massive self sufficient manufacturers with big pension plans should be a thing of the past. We need small specialized manufacturers. When they see a need in the market they should specialize in creating the best product at the best price to fill the need. When the need is gone, there shouldn't be any crying about lost jobs; just restructure, retool, retrain, transfer if neccesary, and get back to work. Benefit packages should be made more easily transferable. If another nation is seriously subsidizing an industry in order to gain market share, I think we would be better served by putting more international economic pressure on that country, which is stronger the more global the industry is. We should encourage distributed international industry in order to make it unprofitable to cheat. The alternative is a cold war race to socialism.

Anonymous said...

Maybe they weren't listening to the same clip. Limbaugh doesn't want the US to become a socialist country. He wants Obama to fail in trying turn the US into a socialist country. This shows just how easy it is to take a quote out of context.

little larry sellers said...

Limbaugh should look in the mirror and realize he's part of the problem. Anyone who looks at things from a Democrat/Republican standpoint has lost sight of the bigger picture. In reality we have two socialist parties that are intent in spending beyond their means and killing the dollar. Until we finally break the two party stranglehold, we're doomed to this wash, rinse, repeat cycle of nonsense.

Rush has no useful knowledge of economics to offer anyway. Remember when he claimed in 2006 that housing prices couldn't fall and anyone who said otherwise was trying to drive Bush's poll numbers down?

little larry sellers said...

Steel Phoenix,

I have difficulty understanding why Friedman is considered a free market supporter. After all, he's famous for saying that the Depression was caused because the government didn't intervene, try to monetize the debt, and increase money supply. In fact, he sounds a lot like the guys at the Fed and Treasury department today. Friedman wanted the government to have a hands off policy on the market, but only when things were going well. Otherwise, he was an advocate of aggressive intervention.

anon 12:41,

I'm not sure if Limbaugh realizes it or not, but he does indeed support socialism in America. He wouldn't support the GOP otherwise. Also keep in mind Limbaugh's repeated belittlement of Ron Paul's recent presidential candidacy.

Dan said...

At least he has "Hope" ; )

John S said...

There's no hope about it. The path the Congress, the Fed, and Obama are taking -- $10 to $20 trillion in bailouts -- will fail. The only suspense is whether the resulting inflation will be double, triple, or quadriple digit.

Anonymous said...

They pay him $400,000,000.00 to keep people at each others' throats, and not notice the looting. He and Obama are professionals. Obama was selected for his value as a disincentive to riot when tough times arrive. A bone thrown to the masses. It's so over.

Anonymous said...

Limbaugh has been a doctrinaire cheerleader for the ruinous economic mismanagement that careened us into the ditch. So I have little time for listening to him bitch about the inevitably-imperfect efforts to get us out of it.

Anonymous said...

I am equally forthright. I will go a little further and say my four words. I Hope America Fails. Our economic system (less production, more consumption) is unsustainable and we are a huge burden on the world sucking up savings from the world. I want US to go back to a 1929 type reset so that our production starts exceeding consumption and we become a net creditor nation rather than a debtor nation.

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Anonymous said...

Rush is a phony to put it politely,
socialism started under the Bush
administration..Rush is finished..
"I hope Rush fails" and takes down
the neo-con socialists with him.

crusaderservices said...

It might not always mean that you can totally rid yourself of the debt but at least you will be able to know what to do in the circumstance when your debt has become too much to bear. No Use Hiding Your Credit Card Debt If You Want
Debt Free

Anonymous said...

Oh gosh which is worse Rush or the commentary on Rush?

Rush like the Republican party has zero (maybe we need negative numbers here) credibility.

But hey, if you've been in a coma for the last 8 years your might believe that the Republican party is small government. If you haven't been in a coma the last 8 years you won't. The 700 billion dollar bailout wasn't passed under the Obama presidency. That the people opt for semi-honest socialism over pure crony capitalism is a no brainer. Sorry Rushpulicans have made their bed and can lie in it.

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