Quibble away, genghis. Your

Deadman — Tue, 21 Oct 2008 17:29:39 +0000

In reply to Good post. I worry about the

Quibble away, genghis. Your point is fair. But this post was mostly a rant, the blogging equivalent of a gutteral scream, so the lack of precision with my sentiment doesn't bother me much.

In any case, I think my true feelings lie somewhere in between the semantic haze you articulate. I do sometimes wonder if any bailout was necessary or if we wouldn't have been better of scaring people for good away from indulging in the kind of extra-risky behavior that led us to this mess.

I know Bernanke is a big student of the Great Depression and is so worried about deflation that he decided to throw his support behind this new planned stimulus package, even though such a package was probably already a political given and even though we now have empirical evidence the first one did nothing but delay the peaking of the crisis and take more oomph away from any future recovery.

Where does it stop? Our balance sheet is in such dire straits already, and we're about to watch the most populous generation in our nation's history retire en masse. I'm worried when all is said and done we'll be left with an even bigger mess and zero answers.

Good post. I worry about the

Michael Wolraich — Tue, 21 Oct 2008 16:36:08 +0000

In reply to Enough!!!!!!

Good post. I worry about the Japanese phenomenon in which the government's practice of rescuing companies that it deemed "too big to fail" led to a decade-long recession. I suppose the "good news" is that we don't have the cash to keep doing that for very long.

But if I may quibble, your post should perhaps have been titled, "OK, that's enough." Obama's "Enough!" meant that none of the what had come before was acceptable but that we had crossed some threshold, like "the last straw." Your post suggests that some bailout was necessary but that we don't need any more bailing thank you very much, as in "Would you like more pourridge?" "No thank you, I've had enough."

dagblog - Comments for "Enough!!!!!!"

Quibble away, genghis. Your

Good post. I worry about the