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I'd just like to say, my comments about Greenspan being socialist were tongue in cheek... basically, this is still more of the last 35 years:
Lets borrow our way out of trouble (private and public)!
I hated Newt G [Dawg], but fairly, paying off the debt and balancing the budget were the only way to stop this insanity which REAGAN spawned.
I'm happy it's here, because, basically, there's NOTHING that can stop this system from collapsing. The only question is the velocity.
Citibank has taken Wachovia, but... give it a few months more of falling house prices and we'll more than cover the leg room Wachovia's assets have given them, bailout or no.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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