...

BK>>  Do you remember how much the Fed and Greenspan and other
BK>>  economists were worried about deflation not so long ago? Well,
BK>> that will bring on the very deflation they were worried about.
BK>> Along with that the return of the great depression. Whether we  come
BK>> back from this one or not is another matter.

 RW> Be much harder to come back from this one.  Roosevelt's
 RW> programs were a good start, and a major war really helped,
 RW> but then we had the homegrown manufacturing and technology.
 RW> These days all that is done somewhere else.  Harder to come
 RW> back.

 Yep. That's how I see it.

 RW> Our only salvation to come back from this next one might be
 RW> investing very heavily in repairing faltering
 RW> infrastructure.  PUtting all those bridges and other
 RW> systems we depend on so much might put people back to work
 RW> enough to do some good.  But without a major commitment by
 RW> our government it ain't gonna happen.

 And we still gotta bring back manufacturing, what is the point
 of the infrastructure if you have no where to go and nothing to
 do when you get there?

 RW>>> YOu and me both, but again this takes longterm thinking,
 RW>>> not next quarter's profit and loss statement.  We have no

BK>>>  Robert Townsend said that over 30 years ago.

 RW>> OF course he did, and the folks in power weren't listening
 RW>> then, and they aren't listening now.

BK>>  Yeah, they were, they realized it's not to their advantage to
BK>> think one quarter ahead. Now they think a week ahead.

 RW> OF course, but not quite what MR. Townsend had in mind .

 Well... hey... ya can't think of them all.

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

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