[Celtic Party] "Ship of Fools" (in Washington)?

"US policymakers have ignored the fact that consumer demand in the 21st century has been driven, not by increases in real income, but by increased consumer indebtedness. This fact makes it pointless to try to stimulate the economy by bailing out banks so that they can lend more to consumers. The American consumers have no more capacity to borrow."    ============================   "Ship of Fools" (in Washington)? by Finian Thu Feb 12, 2009 11:41   Some recent "stimulus package" comments from the US:   "The world has never seen such total mindlessness. Napoleon's and Hitler's march into Russia were rational acts compared to the mindless idiocy of the United States government." (From http://www.rense.com/general85/dhdd.htm )   "Government lives in an alternate universe, declaring that while debt is bad, we have to incur more debt in order to get out of debt." (From http://www.sunjournal.com/story/300410-3/Columnist/Obamas_stimulus_package_a_cause_for_some_alarm/ )   "So far the bailouts aren't working--unless you consider bailing out the nation's wealthiest and best connected insiders as the actual purpose of these programs." (From http://www.rense.com/general84/fine.htm )   I wonder if our own Government will just keep on blindly "following the leader of the pack"? -- which is what got us into the mess in the first place?   ============================   The above text has been copied from the following Indymedia (Ireland) location: http://www.indymedia.ie/article/91060#comment245530   ============================