Friday, November 5, 2010

Tea Bags

The US elections show how fickle trends are in the US, where sound bite deceits are more profound at changing minds than facts or reason.

The main gripe from voters, of course, is jobs. Also fueling the anger is a lot of financial pain, with people sitting on homes worth less than the mortgage, or retirement accounts worth about 70% of what they were worth in 2008. I think the Obama camp got roasted because Mr. President was ineffective at explaining how brutal the economic collapse was, and that fixing it was a long term deal. It is easy for corporations to fire people when they are in a panic survival mode, and they will add people back only when their root growth supports it.

That is not a short-term deal, and the response should have been couched in the beginning of the President's term as a "Five Year Plan". In other words, he should have clearly tempered expectations on the job front. But he did not, and he got a bat on the knees for the failing (thanks UP nn grad for the nice visuals that emerge in my mind with that description).

And I love that Fed, with money presses smoking, giving China a brickbat across the forehead.

Mr. Toad's wild ride.

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