“The fickleness of Washington has a lot to do with this uneasy atmosphere for potential investors. It’s not just tied to one economic model.”
I believe a massive chunk of our current economic problems are tied directly to the president’s actions in the Chrysler and GM debacle where the president decided the winners and losers instead of the law. The “secured” bond holders should have been given priority. But the labor unions, who had no legal rights whatsoever, got the bulk of the money. My reaction as an investor was to go cautious as there were no more laws. Our society and our economy depend on laws. Having a socialist swing in on a rope and dictate who wins and who looses means the economy won’t grow until he’s gone and the investors see the reestablishment of law.
Gen.Blather wrote: Having a socialist swing in on a rope and dictate who wins and who looses means the economy won’t grow until he’s gone and the investors see the reestablishment of law.
..... and I would venture to say that the investment community will require a great deal of convincing that orderliness and due legal process have been re-established before they become comfortable enough to place any really big bets.
This is not going to be repaired by a press release.