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More Government

poorgrandchildren.com2 Wrote: Nov 07, 2012 8:19 AM
Government actions cause a boom/bust cycle. Manipulating the interest rate down to about 0% caused the favorable stock market results. This stock market bubble will burst just like the one in real estate did in 2008. That bubble had been caused by a different government action--lowering underwriting standards on mortgage applications. In all instances, government will (has) blame everyone but itself when the bust occurs.
Reaganite12 Wrote: Nov 07, 2012 8:37 AM
Another fine post. The Fed is propping up the stock market at the expense of Main Street and average Americans. And yet our Congressmen kowtow to Bernanke regularly when he deigns to visit them on the Hill. Government and its unconstitutional enabler, the Fed, have caused many of our problems.
I expect that by the time you read this, President Obama will have been re-elected. Get ready for four more years of Big Bloated Government.

Hurricane Sandy didn't help.

The New York Times declared "a big storm requires big government," and my liberal neighbors agreed.

My science-challenged mayor, Michael Bloomberg, said the storm makes it imperative that America do something about climate change. He said this even though hurricanes have not increased and little evidence exists that man has much effect on climate. With Obama's re-election, we now will spend billions more on "green" strategies. But the Earth won't notice.

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