Macroeconomically speaking this is completely irrelevant of course. What are $18 billion when Congress will spend over $800 billion after all. Plus I guess this recession needs high incomes in order to kick-start consumption again. But, talking symbolic politics (which I admittedly criticized a mere two days ago), how am I supposed to develop any kind of respect toward these leaders of global capitalism (that's what these people are after all to some extent)? How am I supposed to respect this thing called capitalism in the first place, if the immediate response to the biggest financial crash since 1929 is a massive payout to the people responsable for just that crash?
I guess Churchill must have been right, capitalism is clearly the wort imaginable economic system, except for all the others.
Japan Finally Got Inflation. Nobody Is Happy About It.
10 months ago
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