Saturday, October 22, 2011

Quote by P. J. O'Rourke:

"The good news is that, according to the Obama administration, the rich will pay for everything.

The bad news is that, according to the Obama administration, you're rich."
Posted by Frank Smith at 22.10.11

1 comment:

Anonymous said...

Obama is a political opportunist, with very little actual "dogma" other than "get elected, ok, now get re-elected". As far as individual driven vs. gov't driven investment, both are problematic.

To expect the average person to parse the quagmire of their Wall Street investment options with any hope of positive results is naively optimistic. Most poor people will probably end up in poverty.

The Solyndra debacle though, is a great example of the liabilities of centrally planned investment.

With out personal financial risk, the motive for investment necessarily becomes dogmatic/political - in this case; solar energy is good for America/the world, so we should support it; despite the fact that the Chinese will be doing it cheaper for the next 20 years or so, and after them, India, then Malaysia, then Thailand, then Cambodia, etc.

Why is America done as a manufacturing nation?

October 23, 2011 at 1:54 PM

Post a Comment

Subscribe to: Post Comments (Atom)

Web Tracking
Online Florist