Saturday, June 04, 2011

John Maynard Who? Wall Street shoots own foot while wounding Economic Recovery.

What part of 'insufficient demand' doesn't Wall Street greed understand? If stimulated into employing the one of five of us now out or short of work, the US economy could rebound, further enriching fat cats while saving the unluckiest of us from an uncertain fate, which is sure to drag all of society down with us on our way there. It could rebound because so many more of us would be actually producing things that we need - we'd have more goods to share and more pay to spend at Wall Street's businesses. If these jobs are green jobs, we might wisely prepare USA for our certain future of uncertain climate and fierce global economic competition.

Not to mention that tightening banking law to guide capital from speculation into producing real value would actually help people, as opposed to just changing the digits on the GDP.

Nah. Let's just suffer stupidly instead.

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