Sunday, August 14, 2011

Wealthy Americans Shun Risky Investments - WSJ.com

DEMOCRATS OR THEOCRATS?: Wealthy Americans Shun Risky Investments - WSJ.com

If one takes a looks at the policies coming out of Washington, a reasonable question to ask is, "are they the policies of growing countries and economies". To wit, I'd say the answer is 'no'.

If one asked whether Washington's policies were those of unions, socialist countries, countries with large safety nets, etc., then the answer would clearly be 'yes'.

Is the country in favor of the safety net and labor-centric policies or does the country want growth and jobs?

The answers, if one looks around the world, aren't the same.

Clearly, the Obama administration hopes that the answers will be the same, even if they aren't yet.

Nancy Pelosi summed the problem up during the debt debates when she said cutbacks would "end the world as we've known it".

Somehow, it does seem reasonable that risk taking, saving and hard work get rewarded and that lackadaisicalness and laziness don't fail to be rewarded.

But, of course, many see it differently and see themselves as unfairly suffering.

And, of course, in particular the Democrats pander to this by saying "all will be well. The rich can pay."

Sadly, the other side of the coin has Republican's like Bachman who remind one of the theocrats in Iran.

What's a person to do?

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