EVERYONE TALKS ABOUT AN ECONOMIC RECOVERY IN THE US...BUT NO ONE WANTS TO DESCRIBE IT...
WHY?
FOR THE LAST 10 TO 15 YEARS..."RECOVERY" IN THE US HAS BEEN THE START OF SOME KIND OF ASSET BUBBLE...
MOSTLY ON WALL STREET BUT RECENTLY IN THE REAL ESTATE MARKET...
MEANWHILE, THE US CORPORATIONS HAVE CONTINUED TO OFF SHORE PRODUCTION JOBS...AND EVEN TECH JOBS... THEREBY "GUTTING" THE PRODUCTIVE CAPACITY OF THE US ECONOMY TO "EXPORT".... CREATING THE SO CALLED "STRUCTURAL TRADE DEFICIT."
LIMITING THE US TO EXPORTING NOTHING BUT ASSET BUBBLES AND FINANCIAL PAPER...MUCH OF WHICH WAS NOT WORTH THE PAPER IT'S WRITTEN ON...
TO SOME EXTENT... BERNANKE'S "RECOVERY" IS LIKE HITLERS "PHANTOM DIVISIONS" AT THE END OF THE WAR...
IT'S WISHFUL THINKING...DELUSIONAL PLANNING... IT'S THE ECONOMICS OF FANTASY...!
IF BERNANKE'S RECOVERY PERFORCE IS "ANOTHER ASSET BUBBLE"...?
WHAT WILL BE CURED...?
ALL OF THE TOXIC STRUCTURAL PROBLEMS IN THE US ECONOMY WILL STILL BE THERE...OR GETTING WORSE...BECAUSE OF ALL THE MONEY PRINTING...
BENANKE IS LIKE THE DOCTOR THAT GIVES A 300 POUND PERSON BLOOD PRESSURE AND CHOLESTEROL MEDICINE...BUT DOES NOT MENTION "LOSING WEIGHT!!" AS A TREATMENT OPTION...
IT'S ALMOST "AS IF"...WE CAN'T DO THAT...
AS IF THE US ECONOMY SIMPLY MUST GO FROM BUBBLE TO BUBBLE...LIKE A FAT PERSON GORGING AND THEN POPPING PILLS TO STOP THE SYMPTOMS....
OBAMA'S HEALTH CARE PLANS...ATTACK THE ROOT OF THE PROBLEM... GET HEALTH CARE OFF THE BACKS OF AMERICAN BUSINESS... THROW THE 1000 INSURANCE COMPANIES OVERBOARD...WITH THEIR PAPERWORK AND RED TAPE...AND CONSTANT DENIALS OF COVERAGE...!!
OBAMA IS CURING THE PROBLEMS IN THE US ECONOMY...
BERNANKE IS PAPERING THEM OVER...WITH...WELL, MORE PAPER!!
