Green shoots died on vine

NEW YORK POST ^ | July 15, 2010 | JOHN CRUDELE

[BobP]

The Federal Reserve seems to finally understand the true nature of the economic mess in which it finds itself. Now if only the White House would get clued in, we'd take the first step to ward solving our problems. The problem isn't just that the economy is in a recession. It's also broken. That's why the Obama administration's massive stimulus spending and the Fed's near zero interest rates have had little impact.

[BobP]

They disdain independence and promote dependence policies. It's trying to destroy the American work ethic replacing it with their insane dream of an entitlement mentality. And so, we're in deep, deep economic trouble. And these liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.

WAKE UP AMERICA!

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[Psalm 144]

Those weren’t green shoots anyway. They were just mold spots.

[Ronin]

It would take a very stupid person to invest in America under the current regime. In fact, anyone with a half working braincell would be looking for ways to move whatever wealth he has in America OUT of the country to somewhere with some fiscal sanity.

[meyer]

In fact, anyone with a half working braincell would be looking for ways to move whatever wealth he has in America OUT of the country to somewhere with some fiscal sanity.

Where and how?

[dsc]

“It would take a very stupid person to invest in America under the current regime.”

True, but when deflation and Chairman Maobama’s reign have both run their course, there will be some very good bargains for those with cash.

[Lonesome in Massachussets]

It would take a very stupid person to invest in America under the current regime.

Or a person who reasonably expected good returns. At the margin, Obama is a disaster for the economy. A lot of capital flowed into the United States because it was once viewed as the last bastion of free market capitalism. Now that we have shown ourselves to be one election cycle away from turning into the most antibusiness regime imaginable.

[GBA]

The economy is not broken. It has been corrupted by reckless GovCo interference and massive spending that rewards poor economic choices and artificially, temporarily inflates value (houses, cars, etc.), while permanently raising taxes and costs for all of us, especially for business.

The economy is like the gulf oil spill. First, stop the source of pollution, then help nature clean up the mess.

All obama knows how to do is pee in the pool and then complain about water quality.