Santelli seemingly unaware that people who wouldn't have been regarded as subprime now having been affected by the economic dive into the abyss and having suffered from disclosures and long term unemployment as a consequence. Maybe he could front some charity money to build a massive
Hooverville on the edge of all major US cities... Newsflash to Santelli: no capitalist is freeing up their capital right now nor will they be in the near future because of the economic uncertainty and the oceans of toxic debt circulating god knows where throughout the banking system. What does that mean? Stagnation or decline for the forseeable future. Long term investment-vacuum unemployment. Frankly, we are all constituent parts of our respective home nations and prosper/suffer together. When the shit hits the fan we all have to pick up the tab because we don't live in a world where every man is an island and every man can fend for himself irrespective of what is happening down the other end of the street. That ended when we stopped chasing boar with spears and started trading items and organising ourselves socially.
/Aside: some of the content of the stimulus package
is retarded.
Last edited by CameronPoe (2009-02-28 06:38:39)