How can you expect this economy to turn around?!?!?
By Daniel at 25 January, 2010, 5:58 pm
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How can you expect this economy to turn around when we have members of the Federal Government continuing to prop up GSEs, bankrupt companies at taxpayer costs?
How do you expect production to actually reflect consumer demand if we are covering that up with stimulus money? How does any small business owner feel safe in an environment like this?
Commercial real estate is going to collapse not a question of if but when, there is simply no demand. Hundreds of office buildings in downtown Miami are vacant and projects stalled.
Too add to that problem, we have small business owners slashing their own expenditures and running company’s on skeleton crews. Society as a whole is made worse off, not better, by subsidizing failing loans, toxic mortgage backed securities all for the sake of saving a few elites at the top and those who made bad decisions.
With the government pulling out all the stops with additional liquidity injections, monetary inflation, price controls, $8,000 tax credits to home buyers, all that does is exacerbate the long term pain down the road.
Attempting to inflate the economy out of a recession or depression by printing money out of thin air and keeping interest rates at ultra low levels makes the inevitable collapse all the more severe. We all want to see a return to normal but genuine prosperity can’t be printed! More failed economic policy from President Obama and Geithner.
- ImpendingDoom
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