"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." Winston Churchill
The Tea Party was heard and ignored in this Debt Ceiling fight. Our politicians were taking us 80 miles an hour off the cliff, Obama wanted to go 110 miles an hour and the GOP slowed it to 100 miles an hour. This is a great opportunity for a post mortem and to think about future strategy. Knowledge allows us to treat the players in this…Continue
Added by Lisa Miller on August 3, 2011 at 8:30am — No Comments
The President's policies are a failure.
Expanding bailout bank reserve requirements temporarily and partially reduces the risk of import inflation. Dumping oil reserves also temporarily lowers the impact of monetary policy to weaken the dollar to improve export competitiveness as does the currency flight from the Euro crisis. These are temporary fixes/market adjustments and opportunitites that mask the cost of persistent high unemployment and stagflation and thus…