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Comments on: They Just Can’t Get It Right https://whynow.dumka.us/2008/10/11/they-just-cant-get-it-right/ On-line Opinion Magazine...OK, it's a blog Sun, 12 Oct 2008 14:48:47 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2008/10/11/they-just-cant-get-it-right/comment-page-1/#comment-40181 Sun, 12 Oct 2008 14:48:47 +0000 http://whynow.dumka.us/?p=6057#comment-40181 Of course “the market” will take care of the problem – by wiping out everyone who got involved in the bubble in any way. That people don’t remember that the “invisible hand” often acts as a fist, doesn’t mean that the market doesn’t have a solution.

Yes, everyone is running around trying to avoid the blame, but there is too much blame going around, and too many people responsible. At this point someone needs to lead.

At this point Gordon Brown seems to have some credibility, and seems to making the right moves from a standpoint of confidence.

Regime change in the middle of this mess is not making things easier for the US or Canada, and the Japanese, French, and Italian governments are not long in office. The timing is definitely a problem, but the markets are looking for someone to take charge.

There is plenty of money out there, they just need to get it circling again or it was all wasted.

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By: Badtux https://whynow.dumka.us/2008/10/11/they-just-cant-get-it-right/comment-page-1/#comment-40176 Sun, 12 Oct 2008 08:03:09 +0000 http://whynow.dumka.us/?p=6057#comment-40176 Yes, my opinion of Paulson goes down day by day. Paulson has two problems — a) he’s a lame duck and is thus reluctant to do anything drastic because if he starts something, he won’t be able to finish it before the next guy takes over and then if what he started fails, he gets all the blame (and believe me, someone who’s been where Paulson has been has an ego the size of the effin’ Goodyear blimp and does NOT want to go down as “the guy who did X that crashed the economy”), and b) he’s just ideologically incapable of doing the right thing without being pushed, shoved, nudged, and whacked over the head with an iron skillet, because all his ideology says “the market” and that is not going to work here.

The only good news is that in three weeks, someone new gets elected. The bad news is that this someone else doesn’t actually take office for another 2 1/2 months after that :-(.

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