Defconomy

[Dave Kennedy]

http://www.cnn.com/2008/US/02/28/beck.commentary/index.html

I read this article by Beck on CNN when it came out back in Feburary.

I thought it was interesting to read then, before all this took place. He was actually right on the money with this call.

I'd say we are at level 4 rapidly approaching 5. Although Euro banks are pumping money into us. It's just temporary relief for some of these companies. In fact all it'll do is spread our natios economic problem into other part of the world and just compound the problem.

How can all these countries/financial advisors be this short sighted? We need to just flush these companies out and let the problem work itself out. No reason to bail them out for their failures.