I really don't have the fuel for this, so I'll keep it short. The lastest plan to prop up the housing market help get obama reelected just toss another couple hundred million freshly printed dollars on the fire.
As I have said over and over, anything that prevents real price discovery just ups the cost and pushes out the point at which we'll see real recovery.
No, not the 99% who are currently up against it, when it comes to wealth and power.
No, I am talking about the 99% who parrot back every little theme, idea or misconception fed to them by CNN and Fox. Yes it cuts both ways, we are besieged by morons on both sides of the aisle.
It’s this 99% who brought us the last moron, the current moron and likely the next moron. Having watched some of the Republican debates, I can only expect that we'll get four more years of the current delegator in chief who through one bad economic policy after another will take us to the brink of a true imbecile like Palin, Bachmann or Huckabee. Every 4 years the choices get worse and worse, but I think the bottom is flying up to meet us.
I came across this a couple of weeks ago and I wanted to share with all of you, because I think it’s a good read about what we're experiencing right now.
While I might loathe much of the interests of Occupy Wall St crowed, I do respect the fact that they are likely our best agent for change, at the moment, although I think that they are going about it in the completely wrong way. Let’s face it, if you point a figurative gun at someone's head because of their alleged greed, they aren't going to change their ways. Instead they are going to try and grab as much as they can before the rules of the game change. Instead, what the OWS crowd should be doing, is taking their protest, their efforts and their time to the real seat of power, Capitol Hill. Go March around the Capitol, down K St or past the White House. Make the decision makers see you in person rather than for 30 seconds on CNN. Go March on the ritzy row houses behind the Capitol or in Bethesda MD, Potomac MD or McLean VA where the real power brokers live.
If you're going to go to the effort, at least make it count.