Did I Hear This Right?

Reader Comments
Back to blog

I think that the government should invest in giving all Americans, especially farmers, enough money to build "back yard furnaces" for metal production. I think Chairman Mao tried something like that back in China a few years back, I think that we could REALLY make it work though!After all this is the United States of America, no plan is ridiculous as long as "we" do it!

Decapoe of NC 11:32PM October 26, 2008

Oh Yeah, by the way. Where are all the investigative reporters when you need them? Or have they all jumped on the administrations bandwagon? Why isn't anybody, particularly U.S. News doing an investigation on where the money is going and following up on the reults. Is the money being used wisely, is it reestablishing credit where needed, is it replacing funds lost in mortgage losses, is it providing funds to reenergize the mortgage industry which will in turn reenergize the housing industry? I don't see any of these questions or anything like it being asked. If we as taxpayers don't hold our lawmakers and corp. exec. accountable, who is? The media doesn't seem to be falling over itself doing anything of the sort. This is last chance to save our butts moment here before the bigshots in D. C. and Wallstreet consolidate their power even more and we as "Joe the plumbers" have a smaller and smaller opportunity to make our voices heard. Use your ability to write your congressperson and get out there and vote for crying out loud.

Henry McGee of VA 2:26PM October 25, 2008

Well, if you're writing a book on how to fail financially, those would surely be the first two you would want to interview.

HillbillyBill of TN 8:11AM October 25, 2008

Well, the higher interest rates ARE overdue.
And infrastructure IS something government has to buy since the private sector does not provide it. And would create some jobs.
But making the Dow jump 2000? Nah. Would just give investors an ALTERNATIVE to chasing the Dow stocks.

of 5:17PM October 24, 2008

so now that i have been reading Mish's blog and am an expert on the economy i have some thoughts!
I tended to view his blog with some skepticism, being the only one really railing against this current direction loudly, but it seems like i had indicated before that we are just throwing money at these organizations to keep their heads barely above water. nothing really looks to be working at ALL and what seems logical to me is to just let it bottom out so we can start working up from here.
plus i saw some story about how AIG has already blown through nearly all of the money they were floated by the goverment! that is crazy... if they can't figure it out, what sort of indicator is that for the overall health and direction of this bailout plan?

Jeremy of TX 4:58PM October 24, 2008