paulseglund

Stanford professor John Taylor thinks government intervention - the unpredictable and unprincipled brand practiced by Geithner & Co. - did more to fuel the fires of crisis than it did to extinguish them.

Its like Kashkari admitting that the Fed & Treasury knew the problems in 2007 yet still kept telling everyone that things were fine. Anyone in private industry might be peering out from a cell by misleading people like that. I agree-the government is the problem right now & they need to do something to enhance our competitive position as a nation or this will be a very long recession.