Jason Rines (iThinkBig)

How the Fed Is Being Too Clever

Congress creates policy and leans hard on Treasury and the Fed. Changes are in order thought process, subsequent policy:

1) Deficits do matter
2) No, the USA can no long be the world's policemen
3) No, we can no longer support 20 million illegal aliens at $35k a year each in entitlements while the law abiding middle class is destroyed. Entitlements for votes is an old game that begain with FDR. It has reached critical mass as non-sustainable (45% of all Americans on some sort of government subsidy, yet 50% of our population pay 97% of the taxes).
4) The Great Moderation worked for a few politicos and guys at the top in terms of wealth creation. The model has failed as Freidman economic model failed.
5) The USA must invest in energy, higher ed, telecommunications, roads. Everything that creates more permanent skilled jobs and has a lasting positive economic effect, in other words no more malinvestment into dishonest operators.
6) Good leadership in Washington. Don't expect to see much of this on this election cycle, probably 2012.