Where is the US economy headed?

Okie said:

"Advocate illustrates one truism. Liberals have a very tough time condemning anything to the left or ultra extreme liberal, no matter how left or liberal it becomes. There is always left a little daylight of possibility, no total and absolute condemnation of wrong, no total commitment to principles toward the conservative end of the spectrum. Principles are always in a state of flux, and of course this always leaves the door open for making the same old mistakes over and over as we drift back into the world of shades of gray. This is another subject, but interesting."

First, everything should be continually questioned.

For instance, our thinking on religion is always changing, as it should be.

Second, I feel that it is the conservative who is almost totally dogmatic. One can completely destroy his argument, but he will almost never back off of it, and even wing it regarding the facts. For example, when Nixon was going down the tubes under a mountain of evidence of very serious wrongdoing, the conservatives in congress, almost to a man, continued to support his lies, and otherwise make silly excuses in his defense. This conduct by the conservative is always evident. For instance, regarding Abramoff, no conservative has called for an intensive investigation and prosecution of the corrupt recipients of his largess.

You can hardly blame the problems in Iraq as due to a free democratic government. Under the dictator, Hussein, countless tens of thousands or hundreds of thousands were murdered, and the culture there is still suffering from the inability to manage freedom and personal responsibility. Further, systems do gender the type of perpetrators, so I disagree, the Marxism is bad as an idealogy, plain and simple. You cannot blame it entirely on who is running it. It requires violence to maintain, an escapable part of the idealogy. And its failures as a system can cause mass starvations and other problems.

okie wrote:

You can hardly blame the problems in Iraq as due to a free democratic government. Under the dictator, Hussein, countless tens of thousands or hundreds of thousands were murdered, and the culture there is still suffering from the inability to manage freedom and personal responsibility. Further, systems do gender the type of perpetrators, so I disagree, the Marxism is bad as an idealogy, plain and simple. You cannot blame it entirely on who is running it. It requires violence to maintain, an escapable part of the idealogy. And its failures as a system can cause mass starvations and other problems.

No, I don't blame the problems in Iraq on democracy. That is a distortion of my point. Any system has its failings and its successes. Hussein had to be removed...by force..on that I cannot disagree..nor did I do so, anywhere. Nor do I defend Marxism or Communism anywhere. My point is that it's the political manipulators of whatever ideologies in control of a gov't that distort those ideologies that are to blame.

The theme here is one of absolute power corrupting absolutely.

Back to the subject of this thread.


The IMF blamed a "collective failure" of oversight for the market turmoil and urged investment and commercial banks to boost confidence by coming clean on their full exposure to the financial crisis.


Growth in the US, which sits at the epicentre of the current crisis, will only be 0.5 percent in 2008, the IMF said. Many economists say the US economy has entered a recession.

http://www.hindustantimes.

I have no idea about USA