Dylan Ratigan's "extraction" rant by everyone from politicians to businesses to China to Wall Street using the US national credit card without limit.
The problem with Obama's pro-business proposal(s) is that he assumes if A then B. If he gives business what they want (he's basically on his hands & knees now) they will give him what he wants "jobs" (or 4 more years). So far businesses continue to take government stimulus, hoard it, bonus themselves out and re-invest abroad. They've learned that as long as this economy stays stuck in the mud from a labor/economic standpoint the government will continue to print money and give it to them. "Extraction" seems like a pretty good word to describe this on-going process. This relationship sounds more parasitic than symbiotic. The silent killing bi-product of all these bailouts will be the thing everyone talks about but no one takes seriously "morale hazzard" which is the ultimate structural cancer.
No comments:
Post a Comment