tag:blogger.com,1999:blog-5311425.post5115156185639545492..comments2024-01-05T23:59:53.564-08:00Comments on Editorials from Theslowlane: Having our cakes and eating them too with an early Bush resignationTheslowlane Robert Ashworthhttp://www.blogger.com/profile/10082164332880198884noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5311425.post-44479939934481558382008-11-26T15:36:00.000-08:002008-11-26T15:36:00.000-08:00An unrealistic dreamland of wealth in rising house...An unrealistic dreamland of wealth in rising house values seemed to be more apparent on the coasts, rather than in the Midwest.<BR/><BR/>Yes, the lack of proper regulation on Wall Street helped to create a climate of too easy borrowing helping to inflate prices. <BR/><BR/>The oil shock had a lot to do with the situation also. As world economy was growing rapidly, we were starting to scrape the ceiling of "peak oil." This situation helped lead to oil price increases that shocked the economy. <BR/><BR/>There is a need for more sustainable energy policy. Also better regulation in the financial sector. <BR/><BR/>Slow steady growth can work, but it seems like some of the folks on the right believed growth could go even faster with less regulation. It was playing with fire.Theslowlane Robert Ashworthhttps://www.blogger.com/profile/10082164332880198884noreply@blogger.comtag:blogger.com,1999:blog-5311425.post-51276175756055178982008-11-25T11:21:00.000-08:002008-11-25T11:21:00.000-08:00I think it is wise for Obama to wait until january...I think it is wise for Obama to wait until january 20th. The Republicans would have a field day over such a move. God, we would never hear the end of it. Besides, Obama is not standing still, he is going ahead with annoucing his cabinet appointments and holding news conferences so the American (and World) public knows that thinking and actions are taking place.<BR/><BR/>I must disagree with you about the causes of the present economic crisis. It is two fold. First, the problem with the asset-backed bonds, which the sub prime mortgage bonds are a part of. And, second the sudden rise in the price of oil leading to a sudden rise in the price of gas and diesel. The first is a pure financial crisis. The second is an economic crisis, but because it was like a tax on the consumer across the board, the rise in gas and diesel prices took a lot of purchasing power out of the economy. If oil and gas prices would have remained stable, I think the crisis would not have been so bad. I place a lot of weight on the rise in oil and gas prices for taking a toll on the American consumer. I also believe that Pres. Bush could have done things to prevent the oil prices from running above $100 a barrel. He made a decision to do nothing but talk. Today Bush is not only a lame duck, he is just plain lame.moneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.com