2012年11月15日星期四

vetted, but not thoroughly.

He does not understand the limits to the power of the Federal Reserve to expand the money supply (Guild Wars2 Gold).

He seems to believe that cheap credit is easy credit, and employers will use that to hire, even if they see other govt policies working against them.

He does not understand that 2 of America's 3 automakers were near bankruptcy due to preventable bad management.

He does not know that bankruptcy does not automatically drive a company out of business; there is something called receivership, and he ignored that possibility. Employees get paid and product gets produced.

He does not care that the US taxpayer now owns 2 of those automakers and will never be repaid for that forced "investment".

He does not know that the government was not intended to be America's go-to employer of last resort (Guild Wars2 Gold), and he fails to understand that the government MAKES NOTHING.

He does not recognize that extending unemployment benefits 100 weeks TWICE is making America lazy -- it stops serious job searching, and it imposes complacency on

those who could make their own jobs.

Not once can I recall an Obama speech talking about self-employment, or co-op formation to stretch the dollar.

He seems to be uncaring that government jobs are hard to terminate, but when and if the economy recovers, those workers will be needed to PRODUCE THINGS. Government wages, however, are not easy for a worker to surrender, since they are now excessive.

His circle of associates is so small and his contacts so limited that when it came time to choose cabinet members, he made offers to 10 or more tax cheats!

All the things I cite (so far) are a reflection of an inadequate education in economics (Guild Wars2 Gold), and that is where I fault the so-called vetting he experienced.

 

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