[gandalf]

That’s nonsense.

The Great Depression was not the fault of the government. In fact, government inaction during the early years of the Depression is understood to have exacerbated the downturn.

Let’s be crystal clear here, the ‘Government needs to get out of the way’ crowd is principally responsible for the laissez-faire deregulatory environment that fostered the current mess.

Maybe we should have had EVEN LESS government regulation in the years leading up to the current real estate, mortgage and financial meltdown???

Loose accounting and fraud, financial industry deregulation, reductions in reserve requirements, hedge funds and credit swaps, mortgage fraud, liar loans and fake appraisals? Right…

Government is not the problem.

Incompetent government is the problem.

When left to its own devices, markets malfunction. Government plays an ESSENTIAL role in regulating and ensuring a functional marketplace. It is a common good. We should recognize it as such.

[gandalf]

That’s nonsense.

The Great Depression was not the fault of the government. In fact, government inaction during the early years of the Depression is understood to have exacerbated the downturn.

Let’s be crystal clear here, the ‘Government needs to get out of the way’ crowd is principally responsible for the laissez-faire deregulatory environment that fostered the current mess.

Maybe we should have had EVEN LESS government regulation in the years leading up to the current real estate, mortgage and financial meltdown???

Loose accounting and fraud, financial industry deregulation, reductions in reserve requirements, hedge funds and credit swaps, mortgage fraud, liar loans and fake appraisals? Right…

Government is not the problem.

Incompetent government is the problem.

When left to its own devices, markets malfunction. Government plays an ESSENTIAL role in regulating and ensuring a functional marketplace. It is a common good. We should recognize it as such.

[gandalf]

That’s nonsense.

The Great Depression was not the fault of the government. In fact, government inaction during the early years of the Depression is understood to have exacerbated the downturn.

Let’s be crystal clear here, the ‘Government needs to get out of the way’ crowd is principally responsible for the laissez-faire deregulatory environment that fostered the current mess.

Maybe we should have had EVEN LESS government regulation in the years leading up to the current real estate, mortgage and financial meltdown???

Loose accounting and fraud, financial industry deregulation, reductions in reserve requirements, hedge funds and credit swaps, mortgage fraud, liar loans and fake appraisals? Right…

Government is not the problem.

Incompetent government is the problem.

When left to its own devices, markets malfunction. Government plays an ESSENTIAL role in regulating and ensuring a functional marketplace. It is a common good. We should recognize it as such.

[gandalf]

That’s nonsense.

The Great Depression was not the fault of the government. In fact, government inaction during the early years of the Depression is understood to have exacerbated the downturn.

Let’s be crystal clear here, the ‘Government needs to get out of the way’ crowd is principally responsible for the laissez-faire deregulatory environment that fostered the current mess.

Maybe we should have had EVEN LESS government regulation in the years leading up to the current real estate, mortgage and financial meltdown???

Loose accounting and fraud, financial industry deregulation, reductions in reserve requirements, hedge funds and credit swaps, mortgage fraud, liar loans and fake appraisals? Right…

Government is not the problem.

Incompetent government is the problem.

When left to its own devices, markets malfunction. Government plays an ESSENTIAL role in regulating and ensuring a functional marketplace. It is a common good. We should recognize it as such.

[gandalf]

That’s nonsense.

The Great Depression was not the fault of the government. In fact, government inaction during the early years of the Depression is understood to have exacerbated the downturn.

Let’s be crystal clear here, the ‘Government needs to get out of the way’ crowd is principally responsible for the laissez-faire deregulatory environment that fostered the current mess.

Maybe we should have had EVEN LESS government regulation in the years leading up to the current real estate, mortgage and financial meltdown???

Loose accounting and fraud, financial industry deregulation, reductions in reserve requirements, hedge funds and credit swaps, mortgage fraud, liar loans and fake appraisals? Right…

Government is not the problem.

Incompetent government is the problem.

When left to its own devices, markets malfunction. Government plays an ESSENTIAL role in regulating and ensuring a functional marketplace. It is a common good. We should recognize it as such.

[gandalf]

Two kids m’self. Same sentiments. No margin for error.

Good story about your uncle.

[gandalf]

Two kids m’self. Same sentiments. No margin for error.

Good story about your uncle.

[gandalf]

Two kids m’self. Same sentiments. No margin for error.

Good story about your uncle.

[gandalf]

Two kids m’self. Same sentiments. No margin for error.

Good story about your uncle.

[gandalf]

Two kids m’self. Same sentiments. No margin for error.

Good story about your uncle.

[gandalf]

Okay, now is that Pacific Standard Time? GMT?

Yeah, none of us know obviously. For what it’s worth, I think you’re not far off. I’m guessing 2011. I underestimated the severity of the current situation though. I’m probably early on the turn-around.

I don’t think the stimulus or quantitative easing is going to work out very well. It’ll mitigate the downturn to some extent. But I don’t think it’s going to change the course of events. The numbers are just too big.

This economy is really scary. I know a couple of people in trouble already through no fault of their own. We’re not immune either, our particular situation. Business is still going well, but I’m not taking anything for granted.

Hey, one more question… Lexus out of the question, I know. I never liked them anyway. But okay to drive a Volvo? I’m ready for that XC90. Got my KPBS plates and everything. I want it to burn hemp though, alternative energy source. Forget ethanol.

[gandalf]

Okay, now is that Pacific Standard Time? GMT?

Yeah, none of us know obviously. For what it’s worth, I think you’re not far off. I’m guessing 2011. I underestimated the severity of the current situation though. I’m probably early on the turn-around.

I don’t think the stimulus or quantitative easing is going to work out very well. It’ll mitigate the downturn to some extent. But I don’t think it’s going to change the course of events. The numbers are just too big.

This economy is really scary. I know a couple of people in trouble already through no fault of their own. We’re not immune either, our particular situation. Business is still going well, but I’m not taking anything for granted.

Hey, one more question… Lexus out of the question, I know. I never liked them anyway. But okay to drive a Volvo? I’m ready for that XC90. Got my KPBS plates and everything. I want it to burn hemp though, alternative energy source. Forget ethanol.

[gandalf]

Okay, now is that Pacific Standard Time? GMT?

Yeah, none of us know obviously. For what it’s worth, I think you’re not far off. I’m guessing 2011. I underestimated the severity of the current situation though. I’m probably early on the turn-around.

I don’t think the stimulus or quantitative easing is going to work out very well. It’ll mitigate the downturn to some extent. But I don’t think it’s going to change the course of events. The numbers are just too big.

This economy is really scary. I know a couple of people in trouble already through no fault of their own. We’re not immune either, our particular situation. Business is still going well, but I’m not taking anything for granted.

Hey, one more question… Lexus out of the question, I know. I never liked them anyway. But okay to drive a Volvo? I’m ready for that XC90. Got my KPBS plates and everything. I want it to burn hemp though, alternative energy source. Forget ethanol.

[gandalf]

Okay, now is that Pacific Standard Time? GMT?

Yeah, none of us know obviously. For what it’s worth, I think you’re not far off. I’m guessing 2011. I underestimated the severity of the current situation though. I’m probably early on the turn-around.

I don’t think the stimulus or quantitative easing is going to work out very well. It’ll mitigate the downturn to some extent. But I don’t think it’s going to change the course of events. The numbers are just too big.

This economy is really scary. I know a couple of people in trouble already through no fault of their own. We’re not immune either, our particular situation. Business is still going well, but I’m not taking anything for granted.

Hey, one more question… Lexus out of the question, I know. I never liked them anyway. But okay to drive a Volvo? I’m ready for that XC90. Got my KPBS plates and everything. I want it to burn hemp though, alternative energy source. Forget ethanol.

[gandalf]

Okay, now is that Pacific Standard Time? GMT?

Yeah, none of us know obviously. For what it’s worth, I think you’re not far off. I’m guessing 2011. I underestimated the severity of the current situation though. I’m probably early on the turn-around.

I don’t think the stimulus or quantitative easing is going to work out very well. It’ll mitigate the downturn to some extent. But I don’t think it’s going to change the course of events. The numbers are just too big.

This economy is really scary. I know a couple of people in trouble already through no fault of their own. We’re not immune either, our particular situation. Business is still going well, but I’m not taking anything for granted.

Hey, one more question… Lexus out of the question, I know. I never liked them anyway. But okay to drive a Volvo? I’m ready for that XC90. Got my KPBS plates and everything. I want it to burn hemp though, alternative energy source. Forget ethanol.

[Author]

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