Fed move risks long-term pain for short-term gain More cheap credit issued by the Federal Reserve was what drove the stock market rally yesterday. The US has an economy gasping for air.
The Iraq War has been a boondoggle that allowed the major international corporations to loot the American economy while providing no real service to either the Iraqi people or the American.
An economy based on allowing the real estate firms to loot America’s housing stock with cheap and crappy development, allowing the medical supply-insurance firms to loot funds needed for the elderly and the sick, and allowing the War contractors to loot funds from all of our society, but especially funds needed by children and their schools is an economy that can go absolutely nowhere except toward bankruptcy for the majority of the population.
The easy war is no longer going to be so easy for Americans as they now begin to lose their jobs, their mortgaged houses, and their ‘national security’. Why? We let ourselves be suckered into allowing the super rich to direct all our affairs without any brakes on their power.
