More Bailout Bull Crap

I have been MIA for the last week and will be catching up on posting.

Listening to one the MSM talking melon heads the other night I heard something completely mind-boggling…

The reporter said economists are predicting the economy is worse than expected and is getting worse. The problem? Consumers are not spending money because there is no credit to give. Another stimulus package, along with more bailouts will enable lenders to extend more credit – which will make consumers start spending again.

WTF!!! Have the people running this country gotten more stupid in the past several weeks? They have already admitted they are not sure what will fix our economy and are unable to give a detailed plan on how to fix it. So the plan is to throw more money at it - without trying to fix the problem.

Besides calling Schumer a clueless cad, William Kristol offers this insightful prose - but misses the point...

Indeed, one hopes they’re not too invested in the findings of the economics profession of which they’re such distinguished products — because one suspects many of the conventional answers of that profession aren’t much applicable to the current situation. After all, wasn’t it excessive confidence in complex economic models and sophisticated financial instruments on the part of people well educated in modern economics that helped get us into the current mess?

Complex economic models? These models are of nothing more than a complex pyramid scam - and the bottom has dropped out. It was confidence in an over-inflated market with phantom dollars and accounting that has brought us this crisis. I believe the smarty-pants in DC know what the problem is - they just refuse to admit it.

The problem is, as a country & at every level, we are over-extended! Plain and simple!

Enticing people into spending more by extending more credit doesn't fix the problem - it just puts us in a deeper hole to be again uncovered at a later date. Simply put - it's just an infusion of cash to keep the pyramid scam going.