Even Greenspan admitted that he’d been “mistaken” about the need for regulation. Only the most demented Neo-Kooks are still playing the old “too much regulation” saw.

P.S. and edit feature would be nice.

People won’t buy cars from anybody so long as they can’t get auto-loans, their consumer confidence is in the toilet, and they’re concerned about losing their job.

Send the Big-3 into debt-reorganization. Kill off the management, renegotiate UAW contracts, consolidate the brands, shrink the product lines, get them onto better footing moving forward. When the credit crisis finally starts to relax, then you at least have healthier manufacturers to purchase goods from.

It’s not very often that you get to press the pause-button on a business or market to give you time to make critical and massive changes. The inertia of operations makes it impossible. The credit crisis is essentially our pause-button. Nobody is going to be purchasing as it is. We need to capitalize on the unique positions created by these tandem crises to make fundamental changes, not setup zombie-corporations.

I fear that the anti-labor propaganda of the last forty years or so has come back to haunt it’s corporate masters. I’m sure if you asked GM’s execs today, they’d tell you their workers are the best bunch of guys in the world, and the hardest working too.

It’s too bad that a couple of days of congressional testimony and press conferences can’t undue the years and years of effort to poison public opinion.

Seriously, unsettling problem! Any clue who would do such a thing?

Stay safe out there…

The whole system has become so counter-intuitive, except to those who dive headlong toward quick profit, honing the edge up to and past human endurance/humane expectations, past the point at which the whole ball of wax will remain intact and not incur meltdown.

imho (flying uneducated in the field, but not blindly, if you will allow for the worth of education in behavior/ecology/evolution)

It’s hard to contemplate our future, unless we get a handle on these interconnected problems. Are we smart enough to know we as a species need to set limits on gluttony? This is where optimism fades for me.

It’s why I voted for Obama. There’s a chance he understands these things, given the broad education he received and continues. I hope he cares enough to tackle the unpopular questions. I hope his advisors, Congress, powerful bidnessfolk, and the rest of us, will let him do so.
no snark

http://www.americanciviclitera…../quiz.aspx

It is good measure of your knowledge.