Tuesday 14 June 2011

Has Obama Done Anything To Help The Economy?

Well the large auto makers and the banking industry have certainly been helped!

The millions of people who have lost their jobs are dissapointed with governments of both parties and who can blame them? Government has decided that some corporations are "too-big-to-fail" and can take their profits during the boom time but get bailed out by taxpayers during the bust.

The malinvestment that has built up through the careless monetary policy of the Federal Reserve must be liquidated, the correction the market is signaling must be allowed to occur and failing enterprises must be allowed to restructure through bankruptcy, otherwise we are just setting ourselves up for an even bigger crisis.

Frame the response around a clear and concise explanation of the unfair nature of the bailouts and articulate the path to avoid the same thing occuring again

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