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	<title>Comments on: How Bad Are The Markets</title>
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	<link>http://davebudge.com/?p=1825</link>
	<description>Finance, Economics &#38; Random Musings</description>
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		<title>By: Max Bucks</title>
		<link>http://davebudge.com/?p=1825&#038;cpage=1#comment-209311</link>
		<dc:creator>Max Bucks</dc:creator>
		<pubDate>Fri, 06 Mar 2009 07:47:28 +0000</pubDate>
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		<description>Andrew Bissell:

Probably after studying the law, I have found nothing so personally empowering as the study of history.  But I must admit that there are some nights when I sit alone in my darkened office and I wish I were ignorant of it.  Contemplating the present is painful enough.  But a knowledge of history adds to my misery by allowing me to contemplate a future that will likely be more painful still.

I do not see myself in that future, probably because I have taken care of all that needed to be taken care of to secure prosperity in my old age.  But I do see my children and other young people I know.  They are only in their 20s now, yet they have already worked so hard to do all the right things in preparation for a happy and productive life.  They are already deeply invested in America, so to speak, and I fear America is going to cheat them.  And even if they are not openly cheated out of their reward for their diligence and perseverance, I fear they will always be weighted down by the social and economic aftereffects of what their government is doing today.</description>
		<content:encoded><![CDATA[<p>Andrew Bissell:</p>
<p>Probably after studying the law, I have found nothing so personally empowering as the study of history.  But I must admit that there are some nights when I sit alone in my darkened office and I wish I were ignorant of it.  Contemplating the present is painful enough.  But a knowledge of history adds to my misery by allowing me to contemplate a future that will likely be more painful still.</p>
<p>I do not see myself in that future, probably because I have taken care of all that needed to be taken care of to secure prosperity in my old age.  But I do see my children and other young people I know.  They are only in their 20s now, yet they have already worked so hard to do all the right things in preparation for a happy and productive life.  They are already deeply invested in America, so to speak, and I fear America is going to cheat them.  And even if they are not openly cheated out of their reward for their diligence and perseverance, I fear they will always be weighted down by the social and economic aftereffects of what their government is doing today.</p>
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		<title>By: Dave</title>
		<link>http://davebudge.com/?p=1825&#038;cpage=1#comment-209303</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Fri, 06 Mar 2009 05:53:11 +0000</pubDate>
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		<description>I don&#039;t blame Obama for the troubles in the financial system.  I don&#039;t even lay much blame on him for the business cycle.  I blame him for the market&#039;s expectations that things will continue to go to shit.  The market is not just reacting to the lack of policy on the financial crises, it&#039;s reacting to the anti-business rhetoric, the villainization of capitalism and the fact that Obama wants the government at 30% of GDP.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t blame Obama for the troubles in the financial system.  I don&#8217;t even lay much blame on him for the business cycle.  I blame him for the market&#8217;s expectations that things will continue to go to shit.  The market is not just reacting to the lack of policy on the financial crises, it&#8217;s reacting to the anti-business rhetoric, the villainization of capitalism and the fact that Obama wants the government at 30% of GDP.</p>
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		<title>By: Andrew Bissell</title>
		<link>http://davebudge.com/?p=1825&#038;cpage=1#comment-209302</link>
		<dc:creator>Andrew Bissell</dc:creator>
		<pubDate>Fri, 06 Mar 2009 05:44:20 +0000</pubDate>
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		<description>Along the same lines as what Max is saying, I don&#039;t really think it makes sense to place even a majority of the blame on Obama. True, he did nothing to warn of the credit bubble or reign in the legislation that was encouraging it. I&#039;m sure he joined in the laughter when the inside circles on Capitol Hill joked about Ron Paul&#039;s quixotic crusade against the Fed. And he and his policies are surely helping accelerate the financial and economic crash.

But he&#039;s just an instrument of the booboisie&#039;s self-destructive tendencies. The blame ultimately lies with every American who thinks he&#039;s entitled to live a life ignorant of history and free from the responsibility to secure his material well-being by his own work and effort.</description>
		<content:encoded><![CDATA[<p>Along the same lines as what Max is saying, I don&#8217;t really think it makes sense to place even a majority of the blame on Obama. True, he did nothing to warn of the credit bubble or reign in the legislation that was encouraging it. I&#8217;m sure he joined in the laughter when the inside circles on Capitol Hill joked about Ron Paul&#8217;s quixotic crusade against the Fed. And he and his policies are surely helping accelerate the financial and economic crash.</p>
<p>But he&#8217;s just an instrument of the booboisie&#8217;s self-destructive tendencies. The blame ultimately lies with every American who thinks he&#8217;s entitled to live a life ignorant of history and free from the responsibility to secure his material well-being by his own work and effort.</p>
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		<title>By: Max Bucks</title>
		<link>http://davebudge.com/?p=1825&#038;cpage=1#comment-209301</link>
		<dc:creator>Max Bucks</dc:creator>
		<pubDate>Fri, 06 Mar 2009 04:27:45 +0000</pubDate>
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		<description>Nations are like individuals.  All of them have a self-destructive streak.  Mature individuals, and especially investors, know this and guard against it.  They will not allow their self-destructive nature to assert itself.  And when they see a nation beginning to fall into self-destructive behavior, they quickly rearrange their assets to defend against it.

People who hated themselves and their nation elected Obama.  They unconsciously opted for self-destruction.  Now they must suffer for it.  The rest of us can only watch in disbelief.</description>
		<content:encoded><![CDATA[<p>Nations are like individuals.  All of them have a self-destructive streak.  Mature individuals, and especially investors, know this and guard against it.  They will not allow their self-destructive nature to assert itself.  And when they see a nation beginning to fall into self-destructive behavior, they quickly rearrange their assets to defend against it.</p>
<p>People who hated themselves and their nation elected Obama.  They unconsciously opted for self-destruction.  Now they must suffer for it.  The rest of us can only watch in disbelief.</p>
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