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Band Aids and Hope

Unfortunately, this is all that’s holding our fragile economy and financial system together as we enter this most important week of trading. The band aids are the fiscal stimulus programs and government (see taxpayer) funded bai ...

Posted On March 01, 20097 MIN Read
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Unfortunately, this is all that’s holding our fragile economy and financial system together as we enter this most important week of trading. The band aids are the fiscal stimulus programs and government (see taxpayer) funded bailouts of the banking and financial industries. Trillions of our hard-earned tax dollars are being dumped into the economy in an attempt to re-inflate the markets, and it’s clear to anyone even remotely paying attention that this approach is failing miserably. Students of history know how big of a mistake the New Deal was in the 1930’s, and for some bizarre reason the powers that be are not only repeating the exact same mistakes, but they are doing so in the same order. Some would say that the government has no choice…that at this stage of the game they simply have to throw trillions at the problem to stave off another depression. Really? Then why aren’t we seeing even a basic turn-around in the stock market or in the economy? The truth is that the government’s a...

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