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View Diary: CBO: Deficit will tumble this year, but obsession with fiscal tightening will hurt economic growth (67 comments)

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  •  If you want a growth and productivity-based (3+ / 0-)
    Recommended by:
    ratcityreprobate, bink, Calgacus

    economy, then this is what you do. If you want a financially parasitic extractive economy, then this is not what you do, as it misdirects money from short-term capital gains to long-term investment capital. These people are basically raiding our seed corn to fill their larders, for no other reason than that they get off on it, and need to have bragging rights at Davos.

    And Obama likes them. Wants to be one of them. Scary.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Tue Feb 05, 2013 at 04:04:33 PM PST

    [ Parent ]

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