Sunday, August 26, 2012

Fed Readies Stimulus While Congress Ignores Fiscal Contraction - Barrons.com

Fed Readies Stimulus While Congress Ignores Fiscal Contraction - Barrons.com


Somehow this reminds me of a car stuck in snow and ice. One party (read: Republicans) wants to get out and shovel and sand the roadway (read: reduce regulations, taxes and disincentives to invest and to do so in the US).

The other party (read: Democrats) is sitting as always in the back seat and doesn't see any snow or ice and they just wonder why the car isn't moving? They agree with giving the engine more gas but don't seem to understand it just makes the wheels spin, uses up gas and likely sinks the car deeper into ruts (read: lost economic growth and vitality, which is hard to make up).

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