Mac1958
Diamond Member
I would classify bending over for bank political contributions at the cost of the financial stability of the country as "weak".They werent weak. The opposite. They wrote too big to fail into law, guaranteeing big banks etc limited competition from upstarts and guaranteeing them a decent living. In return the companies contributed to Congressional campaigns. Nothing weak about it.What really blows my mind is how we chose to allow Too Big To Fail to remain after the meltdown..
I do this stuff for a living, and I don't remember a stranger economic period. Every time I get my hopes up with this economic data, that economic data comes along and wrecks it. Every time the economic data looks scary, along comes some good news.
That does happen, but I don't remember it happening for this long - what, three, four years?
May not change for a while. The foundation for growth is definitely there, but so are some pretty significant dangers.
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Danger is the name of the game. That's one of the real problems with our economy nowadays. Things have been pushed to the brink. The "key" to success nowadays is to bet the house every single day and be "good" enough that you get away with it. And if things go bust, pass the consequences down to the bottom rungs.
It's obviously about money & politics, but I underestimated how weak our "leaders" are.
And I already knew they were pretty weak.
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We have different definitions of the work, I reckon.
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