I believe obama is remarkably misguided and is only restoring an artificial economy with policies that force spending, for example through cash rebates... do people really have to be bribed in order to spend money? The fact is that people are not spending on their own, and yet we should actually start saving, over spending is how we got into this mess in the first place... and the same inept regulators and politicians who allowed this mess to emerge are now in charge of trying to fix it... sadly, they clearly lack the talent and ability to fix the problem they allowed to develop... all their promises do nothing but create a false sense of investment security, I suspect we'll have a more painful crash landing when the punch bowl is removed, and these markets will likely follow...
We can't continue to live in the past and think the United States is the leader of the world in manufacturing, we don't manufacture anything any more, we only have technology and that will also leave our shores as China and India figure it out... what we had since 1945 through the 1990's is now gone... the whole world wanted our televisions, they wanted our washing machines, they wanted our refrigerators, and so on... but today, we don't even produce them any more, in fact there are more government workers today than there are people in the private manufacturing sector... for 50 years our economy was growing, but today it's contracting and will eventually shrivel away as we continue to print money to try to revive growth with misguided policies...
GZ |
