(DANG, HH! It’s beginning to seem like I’m STALKING you! But I’m not!)
Any truly “smart” Economist (or just a guy like Ron Paul who uses a little common sense), KNEW that this economy was a stack of cards waiting to fall. Eventually, the reality of the marketplace will catch up with you and bite you in the ass.
NO one person, or GROUP of people are going to be able to “fix” this by artificial means, whether their names are McCain, Obama, Palin or Biden.
At this point the market has to “reset”; we have to reinstitute sound economic and accounting principals (little things like granting mortgages to people who can afford them); there has to be reasonable oversight; and the Government should be involved as little as possible.
(Like THAT is going to happen).
The laughable part of this is how all these leaders pledge to cooperate and stop the ‘apocalypse’. These are people who would come to blows about picking up the check at a dinner party and argue how much of a tip to leave.
Every politician gets elected by protecting those in his/her domain. How far would Merkel get if she, for ex, helped the French if it hurt some Germans?
I know I sound like a ‘doom and gloom’ guy all the time but these people infuriate me to no end — they first F everything up, then blame the free market and use that to grab more power.