I'm at a point that I read enough good financial bloggers that not all of them give me an "on the mark" moment. However, I did come across one this morning by Ken Denninger in his "Market Ticker" blog that simply hits spot on the problem we faces as a nation.
Once you read it, you'll realize the EXACT SITUATION we face and that this economic crisis was not handled properly for political reasons.
http://market-ticker.denninger.net/archives/2125-Housing-Obama-Still-Has-Not-Grown-Up.html
Sorry, but when there's an ECONOMIC CRISIS in the United States and you need to find the best solution for the people of the United States, best thing to do is the right thing to get the country functioning with a LONG-TERM, SUSTAINABLE solution. Not a broken legacy system with patches and patches adding up to trillions of dollars. That's what banks do with their computer systems and someday, those chickens will come home to roost as well.
In other words, think of the needs of the many, not the few...Think of the FUTURE.
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