Tuesday, February 16, 2010

Structure

clipped from prudentbear.com

 "We have another economic problem which is mixed up in this of too much consumption, too much spending relative to our capacity to invest and to export.  It’s involved with the financial crisis but in a way it’s more difficult than the financial crisis because it reflects the basic structure of the economy.” Paul Volcker, December 11, 2009

Of course it's been greatly exacerbated by watermelon statist policies of high taxation and eco-lunacy driving all the industry and jobs overseas. Du'O.