Passing the Buck at Jackson Hole - Barrons.com
It has also been an interesting week in finally seeing more articles articulating the inept and anti-economic stability, let alone growth of the economy from the Obama administration.
However, there have really been no signs that Obama gets what needs to be done or has a clue (e.g. his discussion of regulatory restraint is like putting a finger in a creek to hold back the flow; or, his inane infrastructure programs, which every writer I've seen says will be counterproductive as 'shovel-ready' means after 5-7 years of hearings for permits).
Now, we even have the Fed (Bernanke) starting to tip his toes into the water of criticizing the president's fiscal policies.
As for me, I don't think Obama, Pelosi or Reid have a clue what to do to really help the economy. They seem to be looking for a political solution that keeps their voters 'believing'. Almost something religious here.
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