Some Really Good Stuff

I've been seeing some pretty good stuff on the financial news lately.  I love David Stockman - see these news posts today:

David Stockman: GOP Candidates "Checked Out of Reality"
http://finance.yahoo.com/blogs/daily-ticker/david-stockman-gop-candidates-checked-reality-125336801.html

“Obama Doesn’t Get It”: More Stimulus Won’t Help, Stockman Says – And We Can’t Afford It
http://finance.yahoo.com/blogs/daily-ticker/obama-doesn-t-more-stimulus-won-t-help-181952721.html

Congress, not Fed, must do more for economy: Fisher
http://finance.yahoo.com/news/Congress-not-Fed-must-do-more-rb-1795827576.html

This last article has been echoed a lot this week - the Federal Government got us into this mess and we can't expect the Federal Reserve to get us out.

I find it a bit ironic that David Stockman says this has been going on for 30 years, since that dates back to the Reagan administration when he was Chief Economic Council to the President. Basically the elected government under Reagan and the Democrat Congress abdicated its control of the economy so the Federal Reserve could take the heat for killing inflation (and the economy). They never got the guts to balance the budget again. Of course, who can blame them, we keep electing them.   Finally...


Congress Needs to 'Cowboy Up' to Fix the Economy
http://finance.yahoo.com/news/Congress-Needs-to-Cowboy-Up-cnbc-2912894222.html

Somebody needs to advocate for tough, strong policies for America and stop all the namby-pamby coddling of the electorate.  I think the right person could pull this off, but I don't know about the two parties we have today.  I think there is more hope on the Republican side if they could wean themselves off big-money and possibly foreign interests that are corrupting their trade and tax policies.

I'll end with a quote from a famous (oops) Democrat:

"Ask not what your country can do for you, ask what you can do for your country!"

That means all of us, not just the rich or the entitlement class...