Tuesday, April 14, 2009

Still Falling


Obama and Bernanke today reported on the economy (click here for full story).

The recovery will take longer than expected, but they do not know how long it will take. They said unemployment will get worse, but they do not know how much worse. We need to have faith that all of this pork spending will save us all. All hail Barney Frank!

Our government wrecked our economy, and I have little HOPE that our government will ever CHANGE enough to fix anything. Things will improve over time, but it will be from the efficiency of the markets, and not the machinations of government.

1 comment:

Steve said...

I agree that the government must take its share of blame for our current economic mess. But as for change . . . we've seldom seen as much change, administration to administration, as we're seeing now. Just about everything that Bush said/did, Obama is saying and doing exactly the opposite. You want change? You got it.

That's not to say that change is implicitly good. But it seems to me that the policies of the last eight years have been rather conclusively proven wrong. Let's try something new.