The U.S. Economy was victim of FRAUD
Much like the victims of Bernie Madoff, so was the US Economy a victim of fraud.
In previous postings I compared the economy to an athlete on steroids and the impact of taking the steroids away. The de-leveraging of the US economy is just like taking an athlete off steroids, those stats were inflated and they are not coming back. It was and is fraud.
Much as the Madoff victims are dealing with a range of emotions and realizations, it is about time Congress and the Obama administration come to some of the same conclusions: It is gone, what do I do now with what I have left. Sorry, investors ~ it is gone and the US Government should not under any circumstance print new cash for you. Congress, do not give those that perpatrated the fraud anymore American taxpayer money, it is like giving Bernie taxpayer money in order to keep perpatrating his Ponzi scam.
President Obama, let us find what and where the real economy is and then live within the means of the real economy.
In previous postings I compared the economy to an athlete on steroids and the impact of taking the steroids away. The de-leveraging of the US economy is just like taking an athlete off steroids, those stats were inflated and they are not coming back. It was and is fraud.
Much as the Madoff victims are dealing with a range of emotions and realizations, it is about time Congress and the Obama administration come to some of the same conclusions: It is gone, what do I do now with what I have left. Sorry, investors ~ it is gone and the US Government should not under any circumstance print new cash for you. Congress, do not give those that perpatrated the fraud anymore American taxpayer money, it is like giving Bernie taxpayer money in order to keep perpatrating his Ponzi scam.
President Obama, let us find what and where the real economy is and then live within the means of the real economy.
Comments