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

To: NOW who wrote (111644)	5/16/2010 10:21:38 PM
From: Little Joe	4 Recommendations Read Replies (1) \| Respond to of 116555

Our financial industry has been corrupted by the mismanagement of our money by the government. In the end almost all of our problems have their root source in inefficient and ineffective government. I think that is the real political shift going on in America. I think most people were content to let the government run things and not think too much about it. But in September, 2008, People woke up to find that the government was a fraud and a failure. The government that they had more or less, trusted, or at lkeast tolerated, was exposed as a fraud. The Government told us that unless we agreed to bailouts of financial institutions our entire financial system would collapse. Say what? The government was supposed to be taking care of it and it failed miserably and events since then have only reinforced the ineptitude and corruption of our government. It bailed out the banks (their political cronies) while millions lost their jobs, their homes, their retirement and their futures. Is it any wonder that people resent bailing out banks, and government, while government workers keep their jobs, demand raises, despite the fact that they make more money for doing less than people in the private sector. You know when I buy a car, I know what I am getting for my Money. I don't expect to pay the same for a used Yugo as I do for a Rolls Royce. In America, we pay for Rolls Royce government and get used junker Yugo. lj