Scare Machine
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Scare Machine
| Tue, 09-30-2008 - 12:44am |
I'm watching a rerun of an earlier broadcast of Larry King Live. He's had Suze Orman on as well as Paul Krugman and Ben Stein. They all agree that we are screwed. Krugman and Stein (from opposite sides of the poltical spectrum) spent most of their time agreeing with each other and reinforcing the gravity of the situation. Both say that things will get worse and for a good long time (years) before they get better. Both seemed to think the situation is so bad that a nationalization of some banks like was done by Sweden may be necessary to rescue the economy. Orman is predicting that credit card companies will soon be sending out notices reducing credit limits, etc. I think that the scare machine is taking this is seriously, probably more seriously than most of us.
Sopal

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Sounds nice.
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