5 Economic Disasters That Haven't Happened

Reader Comments
Back to blog

How about the tool booths and public swimming pools, License and registration fees and the very salaries that the politicians make and many, many more things like that, Jim?
I'll tell you what Jim; Lets have a completly and totally voluntary government and lets not forget that people go into government for the power to manipulate the laws to their own advantage even if they give or lend or temporarily transfer their portfolios to their wives, children or other relitaves!
If a politician has stock in ABC corporation he is going to do what he or even she can to make that company do better through law change or other manipulation or even through other government contracts and lets not say that this has never happened because we all know that it has. It has been in the news! The theory is that government is not suppose to profit but, it does and this is something that must be cleaned up and what about other corruptions?
I know of a lot of this myself and I am not even in government myself and I am even triing to be a whistle blower but, without much luck and my life is in danager! I invite any government official to talk to me about this! I challenge them to talk to me?

Gary Schaefer of NY 9:10PM August 05, 2011

Gary Schaefer says "if I ran my business the way Washington runs the country I'd be out of business! "
You can't "run the govmnt like a business", Gary, because the govmnt has to do things that CANNOT make a profit, e.g., how much money does the Marine Corps make?
Jim

James R. Cowles of WA 1:30PM August 05, 2011

Dump the Dam Debt once and for all it is about time, this thing is unsustainable; if I ran my business the way Washington runs the country I'd be out of business! Ross Perot was right, they built up an even bigger debt not just for our kids but our grandkids and great grandkids and great great grandkids. Shame on Washinton DC! Tax Washington 65% income tax and let them pay the debt; we can also tax the hell out of those CEO's that ran companies and corporations into the ground because of their greed! Million dollar bonuses, boloney, enough is enough! Medicaid doctors are threatening to leave Medicaid because they can't even cover their costs; most doctors won't even take it! Medicaid pays for overpriced prescriptions from the pharmaceutical corporations! Get them under control or tax the heck out of them! Now your doing something! Then create a country wide project like FDR did and you would be doing something worthwhile; create a bullet train like Japan did! Create new roadways and make them straight to cut the distance down between point A and point B now your saving fuel for the truckers and guess what the price of food comes down and other commodities and we do not buy so much forign oil in the future and bridges; build new ones and repair or replace the old ones! Come on guys get with it! Sorry about the spelling and spacing! Here is a fixed version.What we need is a straight road from coast to coast that is also level to the Earth but, this will also be for trains and Solar panels to produce electric for the trains and homes and businesses! Heck we might not even need neuclear power plants. We might even be able to run the cars and trucks on these solar panels.

Gary Schaefer of NY 6:48PM August 04, 2011

Dump the Dam Debt once and for all it is about time, this thing is unsustainable; if I ran my business the way Washington runs the country I'd be out of business! Ross Perot was right, they built up an even bigger debt not just for our kids but our grandkids and great grandkids and great great grandkids. Shame on Washinton DC! Tax Washington 65% incometax and let them pay the debt; we can also tax the hell out of those CEO's that ran companys and corperations into the ground because of their greed!Million dollar bonuses, bolony, enough is enough! Medicaid doctors are threatening to leave medicaid because they can't even cover their costs; most doctors won't even take it! Medicaid pays for overpriced perscriptions from the pharmaceutical corperations! Get them undercontrol or tax the heck out of them! Now your doing something! Then create a country wide project like FDR did and you would be doing something worthwhile; create a bullet train like Japan did! Create new roadways and make them straight to cut the distance down between point A and point B now your saving fuel for the truckers and guess what the price of food comes down and other commitees and we do not buy so much forign oil in the future and bridges; build new ones and repair or replce the old ones!Come on guys get with it!

Gary Schaefer of NY 6:05PM August 04, 2011

Yeah, lets raise the debt. limit and worry about it later. Oh by the way, give yourself a pay raise, you guys are doing a great job.

Edward Alexander of TX 6:35PM July 24, 2011

Yea that was bummer for some of us. Alot of us was on unemployment so we couldn't enjoy that little tidbit. I bet alot of the rich took advantage of it though. Now that I'm working I am paying for that too which is a double dissappointment

girlinspector of IL 7:06PM July 23, 2011

It's about time someone wrote great and honest report, THANKS

John Kooper of SC 7:23AM July 23, 2011

Rolling on the floor laughing.
The press has been saying we are out of the recession since June 2009. Come on. Double dip ? Triple dip ? Quad dip ? Too funny and you make me laugh.

frank pierce of AL 9:37AM July 17, 2011

The economy is growing because of bailouts, and bonuses. Cash for clunkers. Cash for bailouts. TOO BIG TO FAIL as sheila bair would say. If I walked up and gave you a free yacht or island ? Or trillions in cash.
POMO, TAF, TARF, TSLF, PDCF, TARP, Agency MBS, CBLS for CDS, Maiden Lane LLLC
*** SOME BAILOUT NUMBERS TO PONDER:
TSLF=250 Bi llion
TAF=900 Bil lion
Stimulus I (Bush) = 168 Bill ion or 1 Trill ion?
Stimulus II (Obama) = 787 Bil lion
TARP = 700 Bill ion
QE0 = 1.2 Trilli on (Fed Reserve bought toxic Assets)
QE1 = 175 Billi on from Housing GSEs
QE1 = 300 Bill ion in US bond buyback
QE1 = 1.25 Tri llion in mortgage backed securites
QE2 = 600 Bill ion bond buyback
QE2 = 300 Bill ion for mortgage backed securities
Hope for Homeowners (FHA)=300 Billi on
FDIC Line of credit= 500 Billio n
Bush Tax cut extension by Obama=79 Bill ion estimate
Fannie Mae/Freddie Mac =400 Bill ion
BIS estimate of derivatives fraud = 1500 Tril lion
NY TIMES estimate of derivatives fraud = 1000 Tri llion
Washington Post estimate of derivatives fraud = 600 Tril lion
Bloomberg News estimate of derivatives fraud = 28 Trill ion
US national debt = 14 Tri llion (see www usdebtclock dot org )
Wall street bonuses for 2009 = 139 Bill ion
Wall street bonuses for 2010 = 144 Bil lion