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	Comments on: When Smith Barney Talks, People Listen!	</title>
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	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		By: BLOGS: Obama, Che, Windows 7, Change.gov, NY Times-lessness &#124; DBKP - Death By 1000 Papercuts - DBKP		</title>
		<link>https://norunnyeggs.com/2008/11/when-smith-barney-talks-people-listen/comment-page-1/#comment-36572</link>

		<dc:creator><![CDATA[BLOGS: Obama, Che, Windows 7, Change.gov, NY Times-lessness &#124; DBKP - Death By 1000 Papercuts - DBKP]]></dc:creator>
		<pubDate>Thu, 13 Nov 2008 15:36:25 +0000</pubDate>
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					<description><![CDATA[[...] Hank Paulsen spins a tale of woe; Adam Smith spins in his grave. No Runny Eggs: When Smith Barney Talks, People Listen! [...]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] Hank Paulsen spins a tale of woe; Adam Smith spins in his grave. No Runny Eggs: When Smith Barney Talks, People Listen! [&#8230;]</p>
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		<title>
		By: No Runny Eggs &#187; Blog Archive &#187; What Is Paulson Smoking?		</title>
		<link>https://norunnyeggs.com/2008/11/when-smith-barney-talks-people-listen/comment-page-1/#comment-36571</link>

		<dc:creator><![CDATA[No Runny Eggs &#187; Blog Archive &#187; What Is Paulson Smoking?]]></dc:creator>
		<pubDate>Thu, 13 Nov 2008 15:34:07 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=3912#comment-36571</guid>

					<description><![CDATA[[...] &#171; When Smith Barney Talks, People Listen! [...]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] &laquo; When Smith Barney Talks, People Listen! [&#8230;]</p>
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		<title>
		By: dad29		</title>
		<link>https://norunnyeggs.com/2008/11/when-smith-barney-talks-people-listen/comment-page-1/#comment-36569</link>

		<dc:creator><![CDATA[dad29]]></dc:creator>
		<pubDate>Thu, 13 Nov 2008 14:33:44 +0000</pubDate>
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					<description><![CDATA[Frankly, I doubt that Paulson has the foggiest idea of &quot;what to do,&quot; and there&#039;s a reason for that.

The US economy is approximately 70% consumer-spending driven.  But consumers refuse to spend money---partially because they are watching assets deflate rapidly, and partially because there&#039;s nothing left to buy!

Paulson is literally attempting to push cooked spaghetti up a hill with his demand that &quot;Banks must LEND!!&quot;--to whom?  For what purpose?

Banks aren&#039;t going to &quot;lend&quot; without expectation of paybacks, and businesses are not going to borrow without expectation of reward for so doing.  But when no one is buying the product (except for guns and ammo)--why borrow?]]></description>
			<content:encoded><![CDATA[<p>Frankly, I doubt that Paulson has the foggiest idea of &#8220;what to do,&#8221; and there&#8217;s a reason for that.</p>
<p>The US economy is approximately 70% consumer-spending driven.  But consumers refuse to spend money&#8212;partially because they are watching assets deflate rapidly, and partially because there&#8217;s nothing left to buy!</p>
<p>Paulson is literally attempting to push cooked spaghetti up a hill with his demand that &#8220;Banks must LEND!!&#8221;&#8211;to whom?  For what purpose?</p>
<p>Banks aren&#8217;t going to &#8220;lend&#8221; without expectation of paybacks, and businesses are not going to borrow without expectation of reward for so doing.  But when no one is buying the product (except for guns and ammo)&#8211;why borrow?</p>
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