EVER MORE LEARY OF O'S LACK OF ECONOMIC REALISM: Review & Outlook: Social Security Bait and Switch - WSJ.com: "- Sent using Google Toolbar"
Gee, I guess he's getting the economy his policies don't understand as their natural consequence - albeit the evidence is all around him in industry after industry (think UAW) and state after state (CA, NY, Michigan, etc.).
As the quote today from Obama about his fighting to restore the middle class, it's reflective of the way American's maintained their incomes this past decade by living off housing equity. It's also like the family keeping up their consumption by living on their credit cards.
Eventually, in both cases, the credit runs out and everything collapses. Sadly the collapse gets more severe the longer the delusional income is treated as current income.
There is a broad understanding that Obama doesn't have an economic clue and thus his posturing (and that of other Democrats) just makes those who really know how to produce and grow businesses ever more leary.
Tuesday, August 31, 2010
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