Obama and Wall Street: An inconvenient truth

Go play on the page of RNC Research. This one is my favorite:

Corzine, One Of Obama’s “Leading Wall Street Fundraisers,” Is Now “The Center Of An FBI Investigation.” “Jon Corzine, now the center of an FBI investigation into the handling of hundreds of millions of dollars invested in his securities firm, was one of the leading Wall Street fundraisers for President Obama’s campaign and suggested to investors that he might take a top administration post if the president were re-elected.” (Michael Isikoff, “Corzine, Top Obama Fundraiser, Under FBI Investigation,” MSNBC, 11/2/11)

Comments

  1. does anyone have their own solution to the economy and finding more jobs ?

  2. J. Strupp says:

    Yeah sure.

    Strategic dollar devaluation via expansionary fiscal and monetary policy. Dollar devaluation, moderate inflation and significant budget deficits are the only way to growth and job creation. Unless, that is, you can find an easier way to get developing countries to stop buying our Treasuries and let their currencies appreciate vs. the dollar. Good luck with that.

    So basically, print money and spend it. A lot of it. Accept the fact that higher inflation and deficit spending is a necessary evil and worry about debt stabilization when we get tens of millions of people off the unemployment line and back to work. Do pretty much what we did during the run up to WWII but use the money for bridges instead of bombs.

    The remedy, in times like these, is radical and runs contrary to what we were taught. Public sector fiscal responsiblity is for normal times.