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<blockquote data-quote="bbsam" data-source="post: 823015" data-attributes="member: 22662"><p>Wk--Your defense of Moreluck is too simple. "...if you cover bad choices, you are only going to get more bad choices...." Simply not always true. Take the housing market. We are still covering bad choices but I think banking is getting back to sounder principles. It's part of the reason the economy is taking longer to recover. Banks are careful where they invest. Used to be mortgages didn't need proof of income, down payment, or even a long term commitment. Banks are making better decisions. GM and Chrysler? Last I knew they were paying the money back, stream-lining and becoming competitive again. I understand the anger, but to say that the American economy would be better now if GM and Chrysler just went belly-up? That's a stretch and one that I suspect would depend upon a completely different reality (truly free markets) than the one we have. </p><p> </p><p>I am about as much a caveman as one can find when it comes to energy. I want it all. I want nuke plants, solar farms, wind farms, oil wells, natural gas fracking, coal burning plants, and I want them in abundance. And if the nation has to invest billions to get trillions in return, I'm all for it. That, however, requires a big picture thinking that I'm not sures can exist in a country hooked on oil and looking toward "drill, baby drill" as an energy policy.</p></blockquote><p></p>
[QUOTE="bbsam, post: 823015, member: 22662"] Wk--Your defense of Moreluck is too simple. "...if you cover bad choices, you are only going to get more bad choices...." Simply not always true. Take the housing market. We are still covering bad choices but I think banking is getting back to sounder principles. It's part of the reason the economy is taking longer to recover. Banks are careful where they invest. Used to be mortgages didn't need proof of income, down payment, or even a long term commitment. Banks are making better decisions. GM and Chrysler? Last I knew they were paying the money back, stream-lining and becoming competitive again. I understand the anger, but to say that the American economy would be better now if GM and Chrysler just went belly-up? That's a stretch and one that I suspect would depend upon a completely different reality (truly free markets) than the one we have. I am about as much a caveman as one can find when it comes to energy. I want it all. I want nuke plants, solar farms, wind farms, oil wells, natural gas fracking, coal burning plants, and I want them in abundance. And if the nation has to invest billions to get trillions in return, I'm all for it. That, however, requires a big picture thinking that I'm not sures can exist in a country hooked on oil and looking toward "drill, baby drill" as an energy policy. [/QUOTE]
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