Originally Posted By: Dagny
. . .I dare not say much more lest I teeter on the political.. . .

There is a point where a survival discussion does need to go political, but we don't need to name names. The subject of inflation is tied to monetary policy and that is political.

Jobs were created, but they were/are in the public sector and consume funds rather than create wealth. Jobs which will actually be a positive for the GDP were not created. Until the private sector has the confidence to take risk and lose the aversion to taking on debt, we are going to stagnate. We may not be able to recover until a number of personalities change in DC. Dagny needs new neighbors.

Edit:
Just a few quick headlines from Drudge at this moment in time:
9.7%... 36,000 JOBS LOST IN FEB...
Unemployment Rate Including Discouraged Workers Rose To 16.8%...
Federal pay ahead of private industry...

The last article is well worth the read.



Edited by Russ (03/05/10 01:34 PM)
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Better is the Enemy of Good Enough.
Okay, what’s your point??