I agree with this guy. I wish the Gov't would just say "enough" and let Americans find our way through this mess. The financial industry is stable-ish. Good enough. Now everyone get back to work!
Instead, investors and job hunters and entrepreneurs are all wondering what the Gov't is going to do, how the rules are going to change, and which industries are going to get puffed up with taxpayer money. People are standing around watching Citi, AIG, BoA, GM, and California flounder, uncertain whether these entities will default on their promises. Meanwhile, the federal deficit grows and grows. My son better get used to working three jobs because that's what it will take to pay off the Baby Boomers' debt.
The first stimulus package was not a stimulus package. It was a vote-getting fund for Congress. It was a profile in achieving graft, waste, and corruption. Why would round two be any better?
On a side note: why is it expected that liberals are also Keynesian?
Friday, July 10, 2009
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