Unfortunately, the so-called bailout funds have been administered with the same trickle down theory that has predominated these last few years.
No accountability, no transparency, and again, this overriding faith that somehow you build your economy from the top down, taking care of the very wealthy first and foremost.
It's also funny to see the same corporate CEO's and other executives, who usually preach free market economics when they are trying to avoid regulations and taxes and such, now embracing such sweeping govt action. They have been revealed to not be true believers in free markets, but only in their own selfishness and gain.
I do think, though, that what the Fed did today, in terms of their announcement that they'll essentially do whatever it takes, was very welcome.
The new administration can hardly get in fast enough, though, and restore some competency to our govt.
As an aside, when listening to Obama's press conferences, I'm struck by this impressoin: isn't it nice that we're actually going to have a President who speaks in full sentences again...who comes across as thoughtful and intelligent?
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Unfortunately, the so-called bailout funds have been administered with the same trickle down theory that has predominated these last few years.
No accountability, no transparency, and again, this overriding faith that somehow you build your economy from the top down, taking care of the very wealthy first and foremost.
It's also funny to see the same corporate CEO's and other executives, who usually preach free market economics when they are trying to avoid regulations and taxes and such, now embracing such sweeping govt action. They have been revealed to not be true believers in free markets, but only in their own selfishness and gain.
I do think, though, that what the Fed did today, in terms of their announcement that they'll essentially do whatever it takes, was very welcome.
The new administration can hardly get in fast enough, though, and restore some competency to our govt.
As an aside, when listening to Obama's press conferences, I'm struck by this impressoin: isn't it nice that we're actually going to have a President who speaks in full sentences again...who comes across as thoughtful and intelligent?
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