PR: In your opinion, and I’m guessing you’re dead set against the FED and Administration plans, what is the better alternative? And, yes, that is a serious question.
Like I said, I don’t have any particular genius here; I’m simply trying to figure out a way we don’t pile this thing into a wall. To be honest, I’m not seeing it.
Admittedly, both the FED and Administration plans are fraught with peril and, as of late, neither has imparted a huge amount of confidence. But, what’s the alternative?
I’m watching the EU and the ECB fumble this thing even worse than we are. The notion that the Chinese are doing a better job is not being borne out by any sort of evidence. To the contrary, nearly 20MM migrant workers are unemployed and the Chinese government has openly admitted that if they don’t keep unemployment below 8%, they’re facing serious social and economic “dislocation”.
Various economists have opined as to alternatives, but, after looking them through, nearly all of their plans have serious flaws as well.
So? What do you think? Hopefully, it’s not, “Oh, the hell with it, let ’em all fail!”, which I really don’t believe is a viable alternative, in spite of the quasi-laissez faire rhetoric spouted by Breeze.
