Treasuries Rally Amid Worries of Slower Economic Growth - Barrons.com

HOW OBAMANOMICS AND THE HOUSING CRISIS SEEM SIMILAR: Treasuries Rally Amid Worries of Slower Economic Growth - Barrons.com

Somehow the Obama and liberals (read also 'unions') economic policy is horrifyingly reminiscent of the beliefs that led up to what one could call the 'housing bubble' (or the 'big housing bubble').

In other words, they both rely on a lack of fundamental underlying logic - to wit, in the case of the housing bubble that, all else being equal, housing prices can continue to rise disproportionately to people's (read: 'buyers') income with no constraints on added supply.

Likewise, the liberal economic mantra seems to be that no matter what one does to the disincentives (read: taxes, regulatory environment, immigration policies, pro-union policies, support for non-outcome based public education, etc.) towards business and doing business in America, American investors and entrepreneurs will somehow stick it out and still create jobs like they have in the past.

Now it seems that a bit of reality is starting to come round - in that, with all the stimulus (or apparent stimulus) in tax cuts again this year, the over-riding anti-business tone and lack of fiscal realism is clearly impacting the economic picture.

(One sees all of these efforts to find miscreants in the private business sector but one doesn't see any effort to go after the miscreants in the public sector, politicians and union leaders. Does it matter????? Apparently, yes!)