Saturday, February 09, 2008

US Won't Take It's Own Medicine

[Rockwell artwork from the Saturday Evening Post and Curtis Publishing]

This good wisdom from an Australian site called The Privateer (the 2/1/08 commentary):

"The US controlled IMF has 'presided' over financial and monetary crises affecting almost every nation on earth over the past two decades or so. The 'formula' presented to the afflicted government was always the same. Cut spending, raise interest rates, balance budgets, take the downturn. Now, it is the turn of the US government. And what is THEIR formula? RAISE spending, CUT interest rates, BLOW OUT budgets, AVOID the downturn. After all, it is an election year."

Hear, hear.

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