The new theme in the current crisis/bailout is that we need to get the banks lending again.  Does anybody else see the hypocricy in this?  The crisis was created because banks were lending money to anybody with a pulse, and the proposed solution to the problem is to get lenders to again lend to anybody that can fog a mirror.  ?????   The economy should not return to the environment of cheap credit to everybody, nor should that be the basis of the bailout.  We need to accept that 2002 to 2006 were years of excess and extreme and we should not strive to return there.  The bailout should be designed to create new industries and build up sprouting industries.

Future growth needs to be led by new productivity gains, not by cheap credit.