It's not that economies are too slow to appease markets. It's that the markets have too much power to destroy economies.Let's not forget -- this entire crisis was caused because markets mispriced risk. That's a polite, bloodless way of saying that a bunch of overpaid wise guys bet the farm on the premise that housing prices could never fall, and created opaque securities that made a lot of insiders rich and duped the rest of the economy at a cost of several trillion dollars.So if financial markets totally screwed up when they created collateralized debt obligations backed by sketchy mortgages and treated them like triple-A bonds, why do we think that the same financial markets are to be trusted when it comes to accurately pricing Greek or Italian or Spanish bonds?
this my friends is exactly what the Pres. wants us to understand, the right does not that is why they cleverly told us we don't want to here any longer about the last admins culpability to our current financial malaise."history", forget it repeat it. is this exactly what is going on, they want to lessen the impact of the reallity of their failing the nation, by trying to do the same thing again? forget, repeat.
understand through lack of addressing the rights lies and innuendo in a timely fashion, has allowed then to make "we the people" to think that a constant reminder (which is exactly their MO) is taking our eyes off what they claim erroneously, that this is the Pres.'s fault, leaving out he's had the congress and the entire republican party and their constituents slandering him and refusing even in the name of helping "we the people" get jobs.
they denied and demeaned him at every turn. so yes it is his fault mostly for thinking the right had a oz. of compassion for "we the people", and that his people had his back. this i blame mostly his seasoned adviser's not pulling his coat to the total apathy they have for yes "we the people" to a point of sinking the country and those of them not financially secure. Kamikaze congress's are not in our best interest. we need to recognize and make a correction to the mistake the right made in 2010.
