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The Audacity of Hopelessness

LowDown

LowDown

Curmudgeon
DP Veteran
Joined
Jul 19, 2012
Messages
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Location
Houston
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Political Leaning
Libertarian
If Obama wins the election we won't have the same excuse for it that we had in 2008. This time we will be getting exactly what we deserve.

All around us we see advanced Western societies spending themselves into oblivion. We see middle class people in Spain and Greece rummaging through garbage cans to avoid starvation as their society crumbles around them. Will we have the good sense to avoid that fate? Maybe not.

This election is a test of the people. In 2008, people said, "We like this guy." In 2012, we'd be saying, "We like these policies." That's far more disturbing.

If the bleak certainty of dependency without end has more appeal than the possibility of economic revival then it says nothing good about where America's headed.

Paraphrased from Mark Steyn, National Review, October, 2012.
 
This highly substantive post has made me see the error of my ways. Zombie Reagan 2012!
 
LowDown said:
If Obama wins the election we won't have the same excuse for it that we had in 2008. This time we will be getting exactly what we deserve.

All around us we see advanced Western societies spending themselves into oblivion. We see middle class people in Spain and Greece rummaging through garbage cans to avoid starvation as their society crumbles around them. Will we have the good sense to avoid that fate? Maybe not.

This election is a test of the people. In 2008, people said, "We like this guy." In 2012, we'd be saying, "We like these policies." That's far more disturbing.

If the bleak certainty of dependency without end has more appeal than the possibility of economic revival then it says nothing good about where America's headed.

Paraphrased from Mark Steyn, National Review, October, 2012.
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You....and Mark...ought to know that Greece and Spain are suffering currently from forced austerity, totally unnecessary... and if we follow the GOP model based on that failing policy, we will end up like those unfortunate states.
 
Gimmesometruth said:
You....and Mark...ought to know that Greece and Spain are suffering currently from forced austerity, totally unnecessary... and if we follow the GOP model based on that failing policy, we will end up like those unfortunate states.
Click to expand...

Sorry, but they ran out of money and credit. There was no choice in the matter. They didn't have the option of continuing to spend.
 
LowDown said:
Sorry, but they ran out of money and credit. There was no choice in the matter. They didn't have the option of continuing to spend.
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DING DING DING!! And that right there is a major difference between them and us. We are able to borrow at historically low interest rates to bolster growth and thus cut short our economic malaise. Having that option, it would be unutterably foolish to allow the economy to stagnate while the debt only gets worse. The way to stop the rise in the debt is to foster growth. Stifling growth by prematurely cutting spending only makes the problem worse.
 
LowDown said:
Sorry, but they ran out of money and credit. There was no choice in the matter. They didn't have the option of continuing to spend.
Click to expand...
Sorry, but you have little understanding of the situation if you think your answer is legitimate. the ECB forced unnecessary, draconian "solutions" upon EU members who would be better off if they had not joined the Union. Neither state can control their own currency, and Spain was OK before this crisis, they paralleled the US as far as housing and had much lower levels of debt before the crash. Greece made a lot of errors, but the banks who were lending before the crash knew what the economy of Greece was, if anyone is to blame it ultimately come down to dumb investors.
 
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