Barry talked to Wall Street on Monday. He says the economy is turning around and that unemployment figures are topping out. I gotta disagree there. I think the economy is just starting to tank and unemployment will eventually get a lot worse.
Barry thinks that a lot of the economic downturn is the fault of reckless and risky machinations by Wall Street bankers and traders. I think most of the stuff they were doing was being encouraged by the government to forestall an economic downturn, not the cause of it. I don't think more regulation will help. It's true most Wall Street guys will and do steal anything that isn't nailed down but bulls like to fuck cows too, it's in the nature of the beast. It's not like they invented greed or that Wall Street guys just recently started robbing everybody blind. It's always been that way
The United States isn't competitive. We produce too little at too high a cost and consume too much while doing it. It's been that way for a long time. No big mystery but not that easy to find a scapegoat to blame. The truth is we are all to blame. Everybody wants something for nothing. Easy money. I'm just along for the ride. Unfortunately that's not the way it works. The bill is coming due. No way to duck it. No way to pay it. Bummer.