Fannie, Freddie Losses May Hit U.S. - WSJ.com:
"And, why should people be surprised that small business isn't hiring!
We are effectively taking capital out of the privately directed economy and channeling it into the 'favored' by government parts of the economy. In any other way, this is nothing but a SUBSIDY.
As such, the cost of something else has to go up in order to push the cost of the subsidized product down. The country is on the slippery slope where government's hand is in the 'economic-utility' equation.
As such, capital is being consumed as well as diverted and the country will overall have less capital, less jobs and just more government directed redistribution of resources.
Having defined and seen the problem, the people of Massachusetts decided to try a Republican to hold back the Democrats. But, will there really be any will to make changes? Or, is the country stuck with the status of a retrograde economic picture?"
Friday, January 22, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment