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Danger on the Horizon

Joe 145 Wrote: Jun 15, 2012 9:03 AM

The bailouts are just band-aids on symptoms of the problem. Sooner or later, they will not work. I agree with Mr. Tatro. It is better to take the hit now. At least then, you have some control. However, it is not popular. Just look at the resistance in Greece, Spain and Italy. On top of this, our current President is not exactly a decisive leader when it comes to issues like this. He has a habit of voting 'present' which is not what is needed today.

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Danger on the Horizon

Election year politics can create a lot of confusion for the electorate. When the election year encompasses distant shores such as Greece, France, and Egypt, the bewilderment can be multiplied many times over.

Are things getting better or worse? Do we practice austerity or do we spend our way out of trouble? Is the new normal something that we can live with? Do we just throw the bums out and start all over again?

As we try to determine the effectiveness of the central bankers’ programs of quantitative easing, operation twists, value-added taxes, and half-a-dozen other programs, we are...