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Despite ALL logic, falling econmic idicators, REAL unemployment at 14.1%, Fed "hanging paper" by printing counterfeit currency 24/7 the gubmnt persists in ramming taxpayer money into the stock market merely to equal GW Bush excellent economy before the dims inserted bwany fwank and chris dodd to destroy it. Too bad to...more
At least before the last crash, Alan Greenspan had the grace to caution against over exhuberance. Now the rubes are just on their own - gambling with their welfare checks. The rich get richer and the poor get poorer because each continues to do what made them rich or poor to begin with.
smeado: "GDP is composed of private and public sector spending." ONLY if public sector spending is spent on actual goods produced by the private sector; "You can't shrink the public sector and expect the GDP to increase" Certainly you can. It doesn't take public sector emloyees to continue (and increase) private ...more
I have read similar anti-capitalist sentiments for years. However, the author never seems to have an alternative to the historically world changing effectiveness/success of Capitalism. The wealthy make their fortunes working for Corporations. They place their fortunes in banks and invest them in corporations. Those ...more