Why don't I believe?
For some reason I cannot take members of Congress serious when they start talking about spending today and cuts tomorrow. The U.S. House is elected every two years and this House has no ability to control the actions of future "Houses" short of law or a Constitutional amendment, therefore any plan with austerity down the road rings false.
Sure everyone wants stronger economic growth and yes it makes the next few years of austerity a bit easier to swallow, however we must remember that the U.S. economy has been on high powered financial steroids for the past 15 years and all those statistics are about as good as Barry Bonds season home run record.
I am amused by the financial steroid dealers like Paul Krugman who think the U.S. economy can make a comeback as Barry can comeback with just another huge dose of steroids and lead the majors in hitting and homers with San Francisco Giants winning the World Series. Frankly, I am somewhat amazed at the number of educated people who either prescribe or cheer for financial steroids. Thank God these same folks don't run the NCAA, could you imagine the freak show of athletes America would field?
If America wants to create jobs, President Obama should FIRE Secretaries Vilsack, Jackson, and Salazar for a starter. If President Obama wants construction jobs, then America needs a five year vacation from the endangered species act., roadless rules, wilderness designations and any intervention of the Federal Courts in resource development. Why America has conceded management of its land and resources to the Courts and not Department of Interior is beyond me, but the number one job killer in America is the Federal Court system.
Sure everyone wants stronger economic growth and yes it makes the next few years of austerity a bit easier to swallow, however we must remember that the U.S. economy has been on high powered financial steroids for the past 15 years and all those statistics are about as good as Barry Bonds season home run record.
I am amused by the financial steroid dealers like Paul Krugman who think the U.S. economy can make a comeback as Barry can comeback with just another huge dose of steroids and lead the majors in hitting and homers with San Francisco Giants winning the World Series. Frankly, I am somewhat amazed at the number of educated people who either prescribe or cheer for financial steroids. Thank God these same folks don't run the NCAA, could you imagine the freak show of athletes America would field?
If America wants to create jobs, President Obama should FIRE Secretaries Vilsack, Jackson, and Salazar for a starter. If President Obama wants construction jobs, then America needs a five year vacation from the endangered species act., roadless rules, wilderness designations and any intervention of the Federal Courts in resource development. Why America has conceded management of its land and resources to the Courts and not Department of Interior is beyond me, but the number one job killer in America is the Federal Court system.
Posted by Bradley Fluetsch at 9/7/2011 4:44 AM 
Categories: Economics
Tags: Congress Obama spending steroids Krugman QE
Categories: Economics
Tags: Congress Obama spending steroids Krugman QE
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