Saturday, August 6, 2011

Focus Shifts to the Fed - Barrons.com

GREECE ACROSS THE ATLANTIC: Focus Shifts to the Fed - Barrons.com

You say the problem with the economy right now is that Obama didn't win anything in the debt debate?

Ah, a died-in-the-wool Keynesian who misses the big picture - i.e. heavily regulated, anti-business, pro-entitlement, unions, etc. countries are all having problems.

And, you think more of the same is an answer?

Could the problem be more evident - i.e. you support government spenders and think more of the same will produce different economic results - like suddenly those whose money you want to tax away will eventually create jobs - even though the government has said it wants to pick winners and losers (so you could be wiped out at any time) and since there has never been a regulation government doesn't like or an additional bureaucracy that can gain a benefit, the costs and risks of doing business keeping going up.

But, heck, you don't like the results or the logical implications of telling others how to run their lives.

This certainly would appear to be the problem the market (read investors) know all too well; and, the problem the liberals and union supporters are totally ignorant of.

Welcome to Greece across the Atlantic.

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