tag:blogger.com,1999:blog-6616959642391988608.post8304950816401684102..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Foxes guarding the henhouseScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-84887370184585448422009-06-25T11:37:28.676-07:002009-06-25T11:37:28.676-07:00Where was Bush's wisdom when we needed it?Where was Bush's wisdom when we needed it?Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-66591341896630647182009-06-25T10:53:34.930-07:002009-06-25T10:53:34.930-07:00Its funny you mention. Bush FINALLY came out last...Its funny you mention. Bush FINALLY came out last week and mentioned this:<br /><br />"Government does not create wealth. The major role for the government is to create an environment where people take risks to expand the job rate in the United States,"<br /><br />Read the article <a href="http://www.washingtontimes.com/news/2009/jun/18/bush-takes-swipes-at-policies-of-obama/" rel="Danielhttps://www.blogger.com/profile/11220806915938960892noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51000677929858357312009-06-25T10:14:46.899-07:002009-06-25T10:14:46.899-07:00Government intervention will surely slow the recov...Government intervention will surely slow the recovery, and I've made that point many times. Fiscal policy can be horrible and the economy can still grow. I hate the policies out there, but I am still mindful that this is a huge and intrinsically dynamic economy that has overcome many obstacles in the past.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69712214542829373382009-06-25T08:20:01.274-07:002009-06-25T08:20:01.274-07:00The B.Frank dilemma was/is entirely predictable. O...The B.Frank dilemma was/is entirely predictable. Our government does not have the will to make the sacrifices necessary to move us forward. That is what has been at the heart of all these bailouts. Trying to “manage” the sacrifice instead of letting the market dictate how resources are allocated. This = years of muddling, mistakes, and misery.<br /><br />I think this is where your optimism and myPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79281372815428080792009-06-25T04:35:34.845-07:002009-06-25T04:35:34.845-07:00Scott, perhaps also worth drawing attention to thi...Scott, perhaps also worth drawing attention to this: http://online.wsj.com/article/SB124416281882387463.html. The longer govt intervenes in the private sector, the worse the prospects are for recovery, IMO.__https://www.blogger.com/profile/18426730906924848636noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88023013864961449422009-06-24T16:58:34.898-07:002009-06-24T16:58:34.898-07:00Scott,
As long as tighter lending standards is th...Scott,<br /><br />As long as tighter lending standards is the game....the deteriorating outlook will remain the same:<br /><br />From the WSJ:<br /><br />DETROIT -- GMAC LLC is suspending wholesale financing for certain Chrysler Group LLC dealers it considers to be too risky to lend to, both GMAC and Chrysler confirmed on Wednesday.<br /><br />The move could ultimately push some dealers out of alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.com