Didn’t we claim that the reason the American economy is so great is that resources are automatically allocated to the best stewarts of capital?
Haha, you mean the Chinese?
Anyways, on the bailout front I just read that Dubya is pushing for abolishing taxation on debt forgiveness as income.
I don’t get this. From my perspective its only going to push the market down faster and deprive the government of some much needed income. It’s also removing the only real punishment for the speculators.
