[quote=Russell]For decades now our country looks like a terrible reality show called “Battle of the Welfare Queens”. The contestants are racketeers, pimps and prostitutes, who have to put bribes and arrange or pull tricks, to see who gets hit by the pain train and who gets hit by a delicious cream puff. The studio audience gets splattered with blood while the try to catch frosting.[/quote]
You just stay away from my cream puffs!
Tom Keene at Bloomberg Radio had a great discussion with a expert panel on How to Fix the Economy.
Panelists: Yale University professor Robert J. Shiller, Peter R. Orszag, former Salomon Brothers Managing Director Henry Kaufman, Professor Charles W. Calomiris, and Pimco Managing Director William H. Gross
Schiller is the lone outsider with no agenda and has summed up the mood of the country. He views may appear a tad idealistic, but he correctly identified the two bubbles of the last decade.
Shiller: “There are many dimensions to trying to restore confidence. A plan to reduce the national debt is a relatively small part of it at this point. The really big thing is, people are very upset. They feel that the country is not theirs, and that a small group of wealthy people who get bailed out and bribe the government are in charge.”
