NO CLOSER TO THE 4TH INNING: Obama Attempts to Quell Democratic Unrest on Tax Deal - WSJ.com
Hope everyone saw Charlie Rose's interview with Einhorn tonight.
Anyone who thinks the Administration is even on the right planet in terms of guiding the economy of the country should get a good shake-up.
Except of course, died-in-the-wool Keynesian's can't imagine producers need incentives. They just want to goose consumption.
So, I guess we can look forward to the worst of both worlds - i.e. more debt for consumption and short-term incentives for capital preservation - but nothing long term to encourage investments in job creation back in America.
As said many times, we haven't left the third inning yet and the fourth inning - the longer it takes to get there, will likely be all that more horrific.
Tuesday, December 7, 2010
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