Bernanke, Others Offer No Easy Answers to Weak Economy - Barrons.com
JR wrote: "If recent history has been any guide, the last four years have shown that the recipients of the FED's largess are not risk takers. Fear rules the Wall Street's "masters of the universe." Cash piles up. Tax idle capital. Redistribute income to those who have to spend money just to get by day to day. "
response:
The problem is more likely that capital can't do any planning because - on one hand, the tax policies are unknown and looking to be increased; and, two, the social and environmental agenda of the Democrats (for an extreme, think 'California') trump any ability to plan - or, to plan for doing investing in the US.
It's easy to whine about pay and job creation in the US. It is much harder to confront anti-job policies. (Again, think California. Here tax and regulatory policies have driven vast numbers of middle-class wage paying jobs out of the state. High tech has stayed with its high salaries; but, the middle has been hollowed out. Ring a bell?)
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