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alan morgan — Thu, 13 Nov 2008 13:33:47 -0500

It's working great for AIG...they can continue to attend $440,000 retreats...what a farce! We can only pray the American people voted against our Congressmen and women that voted for this fiasco...lest we endure more of this buffoonery in future years.
The next step is for Congress to assist the Big 3 automakers by encouraging them to continue their bad habits by providing a bailout for them! Is this capitalism, where we let the best run companies survive in the market place, or nationalism? I can't tell anymore.

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alan morgan — Tue, 14 Oct 2008 13:29:48 -0400

The "95%" statistic is misleading. Giving a tax cut to 95% of the working families cannot happen because not all 95% PAY taxes. So if a family doesn't pay taxes, how do you give them a tax cut? You don't, plain and simple. However, if you include tax credits (e.g. Earned Income Tax Credit) then this is no tax cut at all but rather a form of IRS Welfare. I'd prefer to call it what it is and get the IRS out of the Welfare business, but that's a different rant...

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alan morgan — Sat, 20 Sep 2008 15:18:42 -0400

Innovation is one way to get out of this economic mess, not the only way.
What ever happened to living within our means? With reducing our debt (individually and Federally)? Time will get us out of this hole, but we'd be wise to find ways to manage our greed so we don't find ourselves here again.

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alan morgan — Sat, 20 Sep 2008 15:14:02 -0400

I agree with Rip and Afam. China is the largest holder of our US debt. At one time in the past we worried that China's army would march into the US -- now they won't have to. All they'll need to do is call in our debt.
When will we learn that purchasing on credit and running a national deficit is only going to hurt us in the long run.

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alan morgan — Mon, 08 Sep 2008 13:13:00 -0400

In my mind the question has more to do with our dependency on foreign sources of energy then the price of world oil. China and India will continue to have an increasing thirst for oil, which will keep the price high.
My concern is to do what we can to keep our hard-earned dollars here in the USA rather than lining the pockets of foreign dictators.