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How not to fix the economy.
By admin | October 11, 2008
“Some good news for the economy. President Bush went on a month-long vacation.” —Jay Leno
We’ve heard talk of the government’s “toolbox” as it relates to the economy. The government can spend, tax, print money, all of which has some effect on the economy. Often the positive effects will have negative side effects which can be worse than the anticipated benefit. Just how much power does the government have when it comes to fixing the economy.
But the foundation of an economy is confidence that the foundation of the economy is strong. The best the government can do is instill a sense of confidence. That takes good leadership, credibility, and regulation…all of which are severely lacking and have been for some time.
Failed wars based in lies, debt, energy dependence, ceo’s engaging in raiding the corporate treasury all work to create a collective psyche that lowers confidence and further deteriorates the economy.
The economy and politics often intersect since they are based on human behavior, perceptions, and attitudes. Bailouts done by a debt ridden, incredulous government have little, and perhaps negative effect on the economy. In short, you have to build a great nation in order to have a great economy. Look back over the last several years…the USA is a wonderful place, but most people feel we are not going in the right direction.
Fix that attitude, and Wall Street follows suit.
Topics: Politics, Ramblings, Uncategorized, economics |
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