Wednesday, October 12, 2011

The Chart that will get Obama Fired

What fascinates me is how the Obami made the huge mistake of confusing incentives and stimulus.  Incentives drive investing behavior while stimulus, at best, drives consumption.  The delta between our current anemic recovery and a real recovery is that investment, which usually is roaring back at this point in the recovery is nowhere to be found.  The Obami passed trillions to their pals and provoked a swingeing capital strike which will destroy 'progressive' pretentions for a generation.  Quite an achievement for our national affirmative action hire.

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