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Tuesday, February 26, 2013
The Horrible Stock Market Bubble Yet to Pop and The President
How much longer do we figure President Obama is going to be able to inflate the market to prosperity? And, why do I blame President Obama for the problems? Truth be told he is not the only factor. However, whenever he proposes cuts they just simply not enough to have a down to earth perspective on the budget. When Obama talks cuts, they just simply aren't enough money. He keeps using words to describe the type of knife used when talking about cuts, but we also have to be realistic.
I agree not all the proposed cuts by Republicans are ideal. However, Washington needs more give and take. That means for the President to give into the Republicans demands, if only to ensure that we don't end up making zero progress on the debt and deficit, which has been the case.
So far it appears Wall Street is eager to play into this bubble, the political bubble of minimal cuts, and unrealistic spending, but can we sustain this inflated bubble indefinately, and do we even want to do such a thing?
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