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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (80004)	6/10/2008 10:44:59 PM
From: koan	Respond to of 116555

Good article on Brazil. The raw truth regarding the US is that for 8 years we have not had solid economic policy. In fact I would maintain we have had no economic policy. Bush/cheney did not want top professional economists looking over their shoulder while they raided the treasury to the tune of 5 trillion in 8 years doubling the deficit. OIl companies and oil suppliers all got rich. If one's aim is to simply move as much money to the constituency, rich and corporations as possible, then one uses an economic equation to meet that goal. 1% rates and a war or two plus tax cuts for the wealthy works really well-lol. I believe that is why for 8 years we have not had one respectable economicst at treasury trying to measure the best eocnomic policy. O'Neil, Snow, Paulson??? Not to throw names in this, but Clinton for instance went to the best and the brightest, had them explain contempory macro and micro economics to him, which he understood and then they told him what he needed to do. I would say clinton's blind spot was Greenspan, but that is another story-lol.