FOREST AND TREES, SMOKE AND MIRRORS, BUILDING ON SAND: The Last Thing We Need Is a Global Agreement on Currencies - Barrons.com: "- Sent using Google Toolbar"
What the government sadly can't even begin to fathom is to question the policies it has in place (regulatory, tax, pro-union, entitlement, income redistribution, etc.) that inhibit, hold back or outright prevent business growth in the US.
Perhaps its the old problem of the forest and the trees - both Democrats, Republicans and the average American is so close up to the trees that the forest itself can't be embraced.
As with those who foresaw the last bubble (real estate), there are those who are giving out warnings. But, to heed a warning one might have to act; and, to act would run into opprobrium from all those who like things the way they are.
As seen in the latest California budget deal - smoke and mirrors and hope are all that's there. There is no substance - like building on sand (as the old saying goes).
Sunday, October 10, 2010
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