THE WITCH IS ALMOST DEAD, THE WITCH IS ALMOST DEAD.

DING DONG, I WISH THE WITCH WAS DEAD TODAY!!!

Now if we can get rid of LUCKOVICH, I’d renew my subscription.

In response to your comment:

“As explained earlier, we can issue money,bonds and other financial instruments as long as there is a buyer. If the USA controls 25% of the world’s economy, the ENTIRE world must sell a major portion of their goods and services to the USA. This leaves us in the position of being the bearer of the currency reserve of the world, that being the greenback.”

Your explanation is false. Apparently you do not read. The buyers of US bonds are disappearing for lack of money to buy the bonds. Do you understand the significance of the Treasury (not the Fed) offering $200 Billion in bonds per month? The Chinese, our biggest creditor, hold $800-900 Billion of our debt and the Treasury (not the Fed) must offer $200 Billion into the market EACH MONTH for a year to finance the BO deficit.

More Jackie:

“As explained earlier, we can issue money,bonds and other financial instruments as long as there is a buyer. If the USA controls 25% of the world’s economy, the ENTIRE world must sell a major portion of their goods and services to the USA. This leaves us in the position of being the bearer of the currency reserve of the world, that being the greenback.”

The United States trade deficit is well chronicled destroys this fantasy view of economics. Also see the answer in my preseeding paragraph with regard to the money supply and new bonds. The only source for the money is the world equity markets, so what do you (the informed liberal) think this will do to business when the money flows from the equity markets into government debt?

More Jackie:

“You seem to think that we of the liberal persuasion don’t have a THOROUGH understanding of economics and finance. We are not for big government, but for “good and efficient” government.”

I think your SHALLOW understanding of economics is well evidenced in your own words but this may be the above paragraph may be the topper. “WE ARE NOT FOR BIG GOVERNMENT BUT FOR GOOD AND EFFICIENT GOVERNMENT” Perhaps you should notify your good, liberal Members of Congress and the Executive Branch for they seem to be under the illusion you voted for them in order to create a Socialist society and a HUGE government.

AND still more Jackie:

“Explain how he has nationalized the economy when the banks have indicated they are paying the stimulus money back early with interest, saving us all from a credit conundrum that would bring the economy to its knees?”

Do I really need to explain this? Apparently so. Have you, Jackie, not read the reports of the Executive branch REFUSING repayment of the TARP funds from banks who did not wish to be under government control? Sorry, Jackie but you are dead wrong. Majority ownership of the biggest auto companies, insurers and banks does constitute, in your words, “nationalizing”.

You libs complained long and loud about the $1 Trillion Bush added to the national debt over 8 years but somehow adding $10 Trillion to the national debt in 100 days is just fine.

AND even more JACKIE:

“The auto companies are in the position they are because of price of gasoline AND the products they produced.”

That comment is so infantile as to be funny. Those are likely two of the least important causes for the poor state of the auto industry. Paying unskilled labor $50-70 an hour and lifetime benefits would be a larger factor than either of those. There is no RIGHT to health insurance or even healthcare for that matter. The UNIONS killed the goden goose and the Liberals were complicit. Management should have broken the unions years ago but did not and now they are out the door, as it should be. We will now sit back and watch as 2 notoriously poor managers, the government and the unions, try to make the car companies profitable. After all, the government could not even make money at The Mustang Ranch selling sex and booze.

The only way either the government or the unions have made money is through the threat of force or violence, or both.

Your self-evaluation is clearly a fantasy. “I read and understand…”.

Apparently you do not understand the most basic of the economic factors in discussion here. “The Fed” is a term for the Federal Reserve Bank, a private institution controlling the banking sector in the US. The Fed does not print money.

The United States Treasury, a department of the US government, prints money.

I drive a 31 year old diesel and my wife drives an SUV made by GM – the inefficient Yukon Denali that is however safe and well-suited for car pools. I also own 2 other 1973 or older German cars. I will never buy another GM or Chrysler product until the companies are privately owned and out of the hands of the government and the unions. That should send your empty liberal mind into spasms.