Thursday, September 22, 2011

Operation Twist

http://latimesblogs.latimes.com/money_co/2011/09/fed-bernanke-monetary-policy-operation-twist-.html

Just keep throwing sh*t at the wall in hopes something will stick.

Let me grade this latest shot in the dark. Grade = F

They have every possible solution except the one that matters.

The problem remains everything is still made overseas and corporate America still doesn’t want to hire Americans. Not today and not ever. That will remain the problem regardless how much everyone ignores it.

It is like having a dead car battery and their solution is to change the tires. New tires are great but the car battery is still dead. So they say they will just push it through the car wash and clean it right up. Wonderful….. but the car battery is still dead. No worries (they say) we can put new spark plugs in and that should fix it. If that doesn’t work they can put a new air filter in…… There are lots of solutions. Of course only one is the correct one and nobody has said it yet. Year 11.

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