Thoughts on the Recession

Posted: 25 Feb 2009 in Comarade Obama, Economics, Politics
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And some thoughts on the recession from Victor Davis Hansen:

Perverse Thoughts about this Perverse Recession

I do not understand at all this going into debt for almost another trillion dollars, and then immediately promising to balance the budget soon (like blowing off your foot near an emergency room), or how “stimulate” differs from “borrow”, or why the more noble victim is the one who sought to borrow too much for too much house and then defaulted, rather than he who chose to borrow less for less house and paid his mortgage on time each month and now subsidizes the less responsible. (The former apparently will still have the larger house, the latter the smaller.)

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