Every time someone reads this blog an angel gets its wings. - Zuzu, the Elder
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment