Thursday, December 23, 2010

One president after another, one congress after another, one senate after another, with a short-sighted agenda, waiting for the door to revolve, eyes focused on short term gain, and personal wealth, have allowed the banks and insurance companies to suck dry what was left after the productive industry disappeared in favor of cheap unregulated labor markets. Thanks to the ingenuity of the american people, high technology kept us afloat for awhile. Now, here we are, hoping alternative energy will pull us out. There are 435 congressional reps, 100 senators, and 1 president, which is 536 people. We deserve better of them.Kudos Candide. Well said.
The country is in the grip of shortsighted policy by both the Obama admin. and the Bernanke-Yellen Federal Reserve. Only a few weeks ago, Bernanke expressed commitment to the syndrome that has so weakened this great country: Bernanke dismissed concerns about capital inflows from China, saying, in paraphrase, 'We snap up their cheap products and they buy up our debt.' This statement shows the indifference of Bernanke and the Federal Reserve to the revival of a strong manufacturing sector in the USA. The Bernanke-Yellen Fed has one concern, concealing the bad debts in the banks, and it is sacrificing millions of innocent people for this narrow objective in a fatal, ill conceived policy

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