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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: RJA_ who wrote (102966)5/3/2009 3:29:02 PM
From: Haim R. Branisteanu2 Recommendations  Read Replies (3) of 110194
 
deep anger and despair of the electorate - it is not only the issue of loosing ones job but also deep losses in most retirement accounts and pension funds who where taken as granted that the money will be there at retirement and for paying the pension.

I just do not see how trillions in losses can be made up without a substantial uptick in inflation which will only make things worse.

Secondly will be the realization that the US is sliding fast from the status of world superpower and the delusion resulting from those events.

The mere fact that thousand upon thousands of WS and regular Bankers where left "of the hook” with the bounty in their hands and all they lost for some, was a high paying job. This is not something that will or is accepted – the outrage at AIG bonuses and the treats made to some of their employees is only an indication of the sentiment with many folks.

Time will come and some one will act upon those treats and it will snowball – after all, those are the seeds of any revolution – deep anger frustration and despair

Bottom line Obama does not get it!!! - he continues to give hundreds of billions to bankers, who are to blame for the mess we are in now, and not to the working folks whose jobs just evaporated - people need productive jobs not saving the bankers - it was proven with Chrysler "forced" chapter 11
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