Polimania » Economy

Where The Market Cannot Succeed.

TomInReston — Sun, 26 Apr 2009 12:46:05 +0000

We can see what happens when markets fail. It’s not pretty.

A decade ago, it was the dot com bust (along with big chunk of the telecom industry). Now it is the housing, banking and insurance sectors.

Next time is what scares me, because it may be our healthcare system. and we could be setting the stage right now.

For three decades, we’ve been told that the private sector does everything better. It does many things well. But it does a lousy job of looking after the public interest.

If we require that everyone have health insurance, and do not adequately regulate those insurers, we’re headed for another bubble and another collapse. This time, the consequences are going to be really awful.

Memo to Michael Steele

TomInReston — Mon, 09 Feb 2009 00:40:54 +0000

This is NOT a deep thought.

No amount of incentives to businesses will create jobs.

Businesses will create jobs when and only when they need the workers to meet the demand for their products and services, regardless of what incentives are (or are not) in place.

For crying out loud. They’re trying to fix this mess.

TomInReston — Sat, 07 Feb 2009 17:35:00 +0000

i’m watching the travesty called the United State Senate, and right now I’d like to abolish it altogether and ship the whole crew — from whining Republicans to spineless Democrats to idiot staffers — to a desert island somewhere. Then they could bask in the company of one another and let the rest of us get around to fixing the mess they’ve helped make.