Mr. Recovery: Keep spending until you can’t, folks!
By Daniel at 14 December, 2009, 11:36 pm
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
Corrupt elites will not voluntary forsake serial and degenerate bubble making. They profit from bubbles.
The bubble gains are disproportionately captured by the elites while the damage from busting bubbles is disproportionately bourne by the middle class.
Bubbles are an easy, repliable and effective device for transferring resources and power from the middle class to the upper class. The middle class is repeatedly deluded and deceived into believing that bubble growth is real growth while the upper class, the generator and propagator of bubbles understands that bubbles are vapors and spells and uses the middle class as its exit avenue.
As long as someones hosting the party it’s hard to blame the people for eating it. The root cause is free and easy money. The wars over who gets the free money is a natural result.
Somehow we must get the message across no free money. Not from the government, not from the Federal Reserve. Not from bureaucrats or the Treasury. Not from TARP, HAMP, FHA, Fannie, Freddie, PPIP, etc. It is hard to imagine the coffers of America not leaking. We have pretty much come to expect corruption and givaways in our government.
So far no party has been able to cut off the spending spree. In fact, getting elected just makes parties want to, well continue the party. The Republicans had the mandate and ruined any perception they were fiscally conservative squandering Clinton’s achievements. The Democrats got the mandate for change and have embraced more of the same. The parties have no resolve to fix long term issues. We should stop believing they can, do, or should.
What we need is a movement whereby any politician, Republican or Democrat, and any administration, Republican or Democrat, that fails to be fiscally prudent will not be re-elected. This should be clear, concise, and bipartisan. Only then will people get the clue and actually start thinking about how to let us make money instead of how to spend our money.
- Moon Kil Woong
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.