Hobo.. we can not fix this economy with more of the same..this is Obama's ECONOMY..now we have all these people who know very little about the markets listening to a lot of chatter from both sides concerning “how well the stock market is doing.” All things considered, the same could be said of the stock market for the better part of the great depression.
I say we all cut to chase here and call it what it is: The devaluation of the currency has resulted in inflated nominal numbers in the markets. In other words, the adjustment to reality has yet to come. And it will come. It always does. It is beside the fact that the money being spent is dedicated to the non-productive sectors of the economy when you calculate the scale of the stupidity here....
The government policies that created the housing bubble? That was neophite compared to the bubble they are creating now. It could result in a world wide economic catastrophy, and Obama’s signature will be all over it.
Remember, the Arab Spring started as a protest against food prices. We now have the muslim brotherhood running Egypt. Iran, Russia, and China, along with every tin hat dictator on the planet senses weakness. They are moving. Obama? He seems to think you can lead from behind (what an !!!!!).
To note: What was the cause of the price hikes that started the arab spring? Why that would be the leftist in the US government who thought it would be a good thing to turn half our food production of the most basic grain, corn, into fuel that will corrode you cars engine. Not only did this start civil wars, it was a zero sum from the get-go: It takes 1.2 gallons of fossil fuels to produce 1 gallon of ethanol.
As usual, The lefts pipe dreams to reach their self actualization needs by using the confiscatory powers of government to fund really, I mean really, unthought out stupid ideas without a nary of a concern of the consequences is the root cause of the dysfunctions. The obama administration it's their crowning acheivement.It is just bad business. In short, If a foreign country had done the damage to our economy that the obama administration has caused, it would be considered a declaration of war.
You know i told myself I wasn't going to post mad anymore..But God I am getting so tired of these idiots...