It’s the same old story every single day.
By Daniel at 21 January, 2010, 11:43 am
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Futures drifting unsure of which way to go… up or down it makes no difference, we get the same result regardless. Lets just artificially inflate equity prices so the people on Wall Street can unload them for top dollar prices as the rest of America continues to suffer. Lets continue to keep interest rates are ridiculously low levels and follow blindly, like sheep what economist John Maynard Keynes said just so we can keep the “quasi-boom” going for a few more months. Lets run on an economic platform of hope and change, see how far that gets us. While we are at it, lets let Goldman Sachs and every other TBTF institution run the show, and plunder the masses. We are looking at short-term swings, waiting for China to take the lead, and not concerned about what happens a year or 5 years down the road.
Seriously, when is this government going to wake the heck up and realize that if you follow the trail of crumbs you might now like what you find at the end? How can you expect any small business owner to have any confidence with Bernanke, Summers, and Geithner not having a clue? The implicit government guarantees to the bailed out institutions distorts the market, providing them a competitive advantage and giving rise to a dynamic of ever-increasing size and concentrations. Incompetence should have a price. Failure should not be rewarded on the taxpayer’s dime. That’s just bad economic policy and a slap in the face to everyone who did play by the rules.
- ImpendingDoom
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