Let’s be honest here. The same people who hate America are the same people who suck up Ameican culture like Jenna Jameson sucks Tito Ortiz.
 
America won the Iraq war. Gitmo is a pefect solution to those terrorists and the moral high ground you talk about means F-ALL to Americans like myself.
 
The world needs the USA,not the other way around.
 
Remember that, you little ignoramus.
 
And I thought this was the worst part of your blog.
 
You said “America is no longer the leader of the free world”.
 
Well, who is?
 
Canada? Russia? China? Britain? Scandenavia?
 
Let me know.

Me thinks me detects some arrogance.

Well, if the lenders, borrowers and the politicians and their supporters take the brunt for this (instead of being bailed out and/or laying claim to “saving” everybody) then all is again right with the world, except for those of us who will be hurt only because we were unable to stop them.

Certainly, neither the Democrats or the Republicans can claim any high ground on this one. And I guarantee: the more politicians try to “fix” this, the more they will muck it up.

It depends. There is a brand of conservatism which allows the government to step in when the capitalist system fails. In Canada, it allowed the Canadian government to buy out the bankrupt competitors of Canadian Pacific, consolidating the assets into the crown corporation Canadian National. By maintaining competition as a crown corporation, Canadian Pacific was prevented from obtaining a monopoly in the Canadian railway industry, or in grain haulage. The railroad functioned for decades and was eventually sold off, becoming one of the continent’s giants.

In America, the collapse of passenger railroads led to the creation of Amtrak, and the collapse of Pennsylvania Railroad, New York Central, New Haven and an assortment of shortlines led to the creation of the government-run Conrail, which lasted for two decades before being bought out by Norfolk Southern.

Somebody else noted something: why give money to the banks and investment firms that caused all this trouble? Why buy back their bad debt? Why not instead go out to those homes which are on the verge of foreclosure, and refinance them with some of this $700 billion? Why not create an American Mortgage and Housing Corporation and have this money trickle *up* rather than down for a change?

I come home a minute ago to find Rudy Giuliani on CNN blasting Pelosi for only being able to bring 2/3rds of the Democrats on side – and that is why the bailout bill failed.

Sheesh, McCain managed to get less than 1/2 of the Republicans to come on side and he’s blaming that on Obama and his cohorts as well.

The Great Depression II ?

I should have converted my mutual funds to cash in my RRSP’s earlier.

I hate Mondays.

1) Cut taxes
2) increase spending
3) increase military spending and get involved in never ending wars
4) de-regulate to the max.

This is Harper’s Economic MO

Hey what could possible go wrong,… oh ya,… Bush,… America,… Economic FUBAR,… never mind.

Vote for a potted plant as PM, it would do a better job.