The Country and Its Leadership Are Bankrupt

Apparently things are so good that we are going to make them even better. Are we back in Alice in Wonderland? If this were not so serious, it would be comical. Another stimulus is being discussed. Who possibly could have seen this coming? Probably only all those that said the first one would not work. Of course, they and probably many more will now opine that a subsequent one will not either. But what do they know, they got lucky on their first call. Our “leaders” will ignore them once again.

The country and the Keystone Cops running it are bankrupt.  Spending more money when you have none appears to them a winning strategy. Perhaps it is, if your goal is to worsen things. Maybe it will enable the citizens to realize how lost our country is.

Here Comes Stimulus 2.0

Submitted by Tyler Durden on 11/02/2009 19:33 -0500

In this Bloomberg clip, commerce secretary Gary Locke says that “if there is to be another stimulus — and that’s being hotly discussed and very seriously considered within the administration as well as members of Congress – it needs to be very targeted, very specific and we need to be very mindful of the deficit as well.” In other words, with unemployment not improving after the first $787 billion was spent, with GDP improvements having peaked, and since at this point nothing matters since America will never be able to realistically service its debt, with mid-term elections coming up, and Obama’s rating plummeting even despite an orchestrated 50% rally, it is a matter of months, if not days, before the President unveils another multi-trillion Treasury sinkhole. And since no horrible policy decision can go unused, the next stimulus is likely to be promptly followed by the Chairman announcing the next iteration of Quantitative Easing.

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