I never thought I’d see the federal government buy GM.
I never thought I’d see the federal government take away peoples privately owned business (car dealerships).
I never thought I’d see the federal government even talk about talking over 401Ks.
I never thought I’d see our federal government go 4 years without a budget.
The list is long and distinguished but its good to see someone still has faith in our federal government.
I don’t think the government is so much deliberately driving up stock prices. QE II drives yields on treasuries and other credit instuments, driving investors into stocks.
Things will end painfully no matter what anybody does. The fairest and least painful (long term) end game is to balance the Federal budget, honor existing contracts and avoid inflation.
At least the government would never confiscate our gold. Oh, wait...