Kicking the can ahead simply delays the inevitable; we remain in a state of economic flux. "Too big to fail," was wrong, and a disaster. Obama’s stimulus was a tragedy, a complete failure (as we predicted it would be before a dime was spent). Bernanke’s QE2 sparked less-than-deserving equities for a handful, and inflation for the rest of the world, also as we predicted.
Architects of these measures may be public servants but they are not serving the public. All know what is required, just so long as it is applied under the next guy’s watch.
Robert Craven
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