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My Economic Playground....

Depending on who you talk to, is it said that either economics is the bastard son of politics or it is the other way around. I'm biased and feel that politics is the toxic waste of economic incentive.

The volatile financial market is now the front runner of today’s political interest. I’m only studying economics on an undergraduate level and it’s an exciting time for me to look first hand on what I am studying and applying what I have learned. I just hope they (the FED and everyone else) learn from past mistakes of government bailouts (hints towards American auto industry).

I look at this as a sign of the times; it’s the end of the world as we know it, I kid!!! Hopefully a swift death to bad lending practices of re-packaged mortgages (securities), illegal liquid loans, corporate greed, “socializing the loses, privatizing the profits” (as Michael Bloomberg says it), and narrow polarizing fiscal views of the left and right, die a quick death.

I for one feel that the candidates should keep quiet since they have no real say on the possible solutions. The secretary of treasury, Henry M. Paulson, aka “King Henry” has the say on what is to be done on the potential failure of the financial market. His plan is to first and quickly save the securities by buying them up to give banks a chance, ask why later.

The purpose of this thread is for anyone from any background to discuss their opinions about the economical and political landscape domestically (USA) and globally and how you might be affected. Anything within the parameters of today’s economic issues would also be open for discussion.

Oh yea, since this is “family-friendly” site, play nice!

Submitted by

brackishtea (1636 posts)

on September 21, 2008 - 10:16pm.

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My Economic Playground....

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