Utter Nonsense

What is ‘the economy’? It is us; we, the people. It is we who decide to get up and go to work in the morning, open or expand businesses, hire people… It is we who decide what and where to buy; or whether or not to buy in the first place. What is commonly referred to as ‘the economy’ is actually us.

The markets have now gone up six days in a row. I read somewhere recently that small investors have fled the equity markets in droves. This tells me that there’s no longer any depth to these markets; that it’s become solely a playground for professional hucksters, gamblers, gunslingers and speculators. Expect the markets to continue gyrating aimlessly. Eventually, even the professionals will grow tired and walk away. After that, you can expect to see only government generated statistics with no basis in reality.

The point I mean to make is that WE are what’s happening in this country. As long as we continue to sit on our hands and wait till some competent leadership emerges, our nation is effectively on strike. Revenue flowing into government treasuries is down and falling. Good!

This is another instance in which the vacuous state-controlled media is not doing us any favors. They report we are going into or coming out of a ‘recession‘. This is the wrong way of looking at it. We are on strike! They say, we may be in or heading toward a 'depression' when, in fact, we are depressed by the quality of leadership in Washington and in our States.

It’s been said so often that it’s become easy to overlook, but government does NOT create jobs. Government only creates bureaucracies that wind up costing us money. So when Barack Hussein Obama promises to ‘save’ our jobs, he’s talking utter nonsense.