- Give undeserved weight to the herd management of Lyin' Larry (and I don't mean Kudlow) with regard to treasury bonds...
- Let Paul Volcker walk right out of the administration...
- Let thuggish union heads become ever closer to the administration...
- Parrot 'roads & bridges' and 'crumbling infrastructure' despite the FDR style make-work that it so obviously is.
Can we admit that the pooch was screwed under Bush, but can we also admit that the screwing has intensified under Obama? FDR prolonged what should have been a sharp, painful and relatively brief depression into an epic and ongoing event with 'make-work' spending in the 1930's.
Tell me how creating new debt (and boy, those T bonds are popular these days, eh? Surprised?) to pay for government funded labor does anything other than line the pockets of this regime's favored segment (labor unions)? How different is it from the way the previous regime lined the pockets of its favored corporate chiefs?
A real economy needs to purify itself of the previous boom's excesses so that a new savings and investment cycle can begin. We are now 10+ years into the denial phase of what I have called the Era of Inflation onDemand and it's pathetic.
I think I'll watch football instead. I already know the script of this farce.