Open Thread

now I have to get back to work.

denton, obama’s ratings already in the tank, he might as welll just do it he thinks that’s the correct decision – ie when one aint worried about re-election, they do what they think is correct.

“Incentives drive economic activity, but according to the Obama/Geithner model that is nonsense. ”

dibs, that is the dumbest comment I’ve read all day. No one does anything without a guvment incentive? I always thought entrepreneurial activity was driven by self-interest.

When we over-incent, yeah, like the ownership society, mortgage tax deductions being about the only incentive available to the middle class, I ask, how did that work out? Not too well.

Now, about incenting our 401k’s, I’m all for it, but how’s that been working out? Not too well either. The average schmuck who listened to the experts and did buy and hold hasn’t made a dime in a decade or more. Meanwhile we need a 40% rise in the Dow to meet its old high (not adjusted for inflation) and the Nasdaq has to more than double.

And yeah we certainly need to do something about entitlement programs. One simple start would be to cut COLA in half. But I guess Obama already has enuf folx pissed off, rightly or wrongly, so no point in annoying everyone over 55.

DIBS, it was CGar constantly calling him names – serious; not joking

DIBS, Pete is boycotting OT but he’s in other threads every day