japan20000

On Elephants and Tea Parties

''The vast majority of bailout and stimulus dollars have gone to the financial system to encourage lending and borrowing rather than to the real economy''
and how is the gov supposed to put the money into the real economy? By hiring loan officers? And what is 'real economy' anyway? That's dangerous piece of bs in itself. A bank is not a real economy? Then why the accounting dept. of an automaker would be real economy? Is that automaker a real economy when it makes autos that are suddenly not satisfying the needs of the society in terms of transportation?
Ok, many people who read this forum will understand. But this sort of crap is also told the public at large and alas .. it wont. That's why this is dangerous.