High risk….high reward, my friends. This is the essence of capitalism.
By Daniel at 25 November, 2009, 1:53 am
In my honest opinion, the only reason we don’t have a full blown revolt right now is because this fraud is just way too complicated for the average person to comprehend. I bet even some of our elected members of Congress have no clue. Unfortunately, the only ones who do fully comprehend this crisis are those who are perpetrating it and benefiting from it…. Wallstreet. While our standard of living is being slaughtered, stop and think about who’s wallets are getting fatter. This is a blatent and massive disproportionate transfer of wealth from the middle class to the upper echelons of society….
And yet…most of us sit back and watch it happen…. not only because we don’t understand the problem….but also because we put absolute faith in Obama….Tim and Ben. We trust that they are smart enough to know the problems and will put our best interests at heart to solve them. But isn’t it possible that they do not know all the answers? They have put us on a single path with no alternatives. There’s no backup plan….no Plan B. An enormous and risky bet has been placed on our behalf to kickstart this economy. Quantatitive easing, zero interest rate policy, trillion dollar deficits, government guarantees, capital injections in private sector, assumption of Freddy and Fanny, changing of accounting rules…. each of these…. absolutely monumental in their own right…. yet together, are not enough to pull our economy out of the abyss. In short… Obama, Tim and Ben underestimated the problem (actually, they probably misdiagnosed it). They thought that by overwhelming the economy with stimulus, they had a surefire solution. Boy, were they wrong. And like all big bets…losing will costly.
- Mr. Big
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