Deduction - Mr. Wonderful Has It

It's refreshing, like a backhanded slap right after a cold Tobasco shower.

Mr. Wonderful, author of An Idiot's tale had these very honest things to say:

We're in a terrible debt crisis. In fact, we've had a REAL unemployment rate of nearly 17 percent for the last two years.

Check the U6 figures.

And we shall continue to have high unemployment for at least a decade.


Just do the math.


There is no recovery. Only a cover-up.

...
If we continue to follow Bernanke's lead, we're doomed to slip into a Japanese-style endless recession.

If we follow the Republicans and opt for austerity, we'll slide into a depression.

The American economy is fucked either way. It's a case of pick your poison.

It's nice to see like-minded people in Korea. Too often I see or run into the likes of socialists that want to enable the poor or tell me how I should help this group or that fad. You know what, that unholy trinity of Obama, Pelosi, and Reid has cemented what Bush started. Oh, I'm not letting Dubya off the hook, and if you want to call me a racist, I'm ok with that. Mr. Wonderful is right, "the American economy is fucked." Now, do we draw the pain out for years with inflation and stimulus or do we go for a sharp, very painful year or two and get things back on track. The former gives the government more control, like we see with health care; the latter gets the government out of the way to let the free market work. I hope we can elect a leader that will go for the latter. It means that bailouts would end, corrupt companies would crumble, overextended homeowners would be responsible for their decisions, and interest rates would rise. This is the cure to our low-interest-rate hangover. When the dust settles, new companies will sprout up, stronger than before. New homeowners with 20% will come into the market and purchase the cheap houses. And the dollar will deflate and stabilize.