Sources: Washington Post, Reuters, Satcon Technology
quote: Then reality hit. Homeowners in many places decided the return, or the cost of tying up the capital, didnt seem worth it. Governments realized, particularly in Europe, that money didnt grow on trees, so subsidies were cut or not expanded as hoped. Suddenly, there's tons of capacity, and nobody that wants it.
quote: What exactly are these "benefits" of socialism? I cannot think of a single one.
quote: Better economic growth, higher standard of living, a free-market thats not dominated by one or two large coorporations, and the like.
quote: Then again, maybe theres a reason why Truman, Eisenhower, JFK, LBJ, Nixon, and Clinton ALL were able to reduce the debt as a percentage of GDP by following "socalist" economic policies, and Ford, Regan, Bush I, and Bush II all grew the debt as a percentage of GDP by following "capitalist" economic policy. Funny how "socalism" both reduced the debt and grew the economy, isn't it?
quote: Seriously, the US has undergone 40 years of near continuous economic mismanagement. With the middle class more or less defunct, there is no engine of economic growth. Hence the recession.
quote: As a small business owner, I already lose 50% of my income to tax, anyway, so I'm ahead of the curve!