Quote:
Originally Posted by rubicon
There are two ways to grow jobs, the right way and the wrong way. for the last six years the only segment growing has been government. When government grows essential resources are used up to produce nothing while taxpayers burden is increased. Not only is growth and production stopped so is innovation Central planning as seen in the FED (central banks) have yielded Wall Street a 75% return while starving seniors. With all of government's monetary policy they have been unable to life us back to robust GDP despite the fact the recession ended 2009. Government has therefore decided that housing is the key to lifting the economy and has ruled the same irresponsible underwriting practices to secure a mortgage setting us up for a second housing bubble.
The only way out of this mess is to return to market basis activity. This will require government move out of the way (meaning dropping costly and time consuming regulations) and let enterpreneurs thrive.
Now this is not political its simple economics
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You make an excellent point ... people who complain about income inequality overlook the obvious .... the Fed has been the single largest contributor to this phenomena in the past few years. Printing money on a massive scale will do that.
The "deficit" in understanding here is all about economics and markets