FT.com / Europe – Geithner talks up stability deal
On a whirlwind visit for talks in Germany and the UK on the global economy and the eurozone crisis, Mr Geithner stopped short of public criticism of European governments for excessive spending cuts. But he warned of the need for a balance between financial austerity, tougher regulation and continuing growth incentives.
via FT.com / Europe – Geithner talks up stability deal.
These people just don’t get it. You cannot create an environment for prosperity by taxing and spending. Restraint is the key, not spending money that you’re going to have to take from the earners. The short sightedness of these people is amazing. They don’t think past their own next move. Blame someone else and expect the next guy to bail me out.
When Atlas finally does shrug, it’s going to be a disaster all around. The problem is that the looters are always looking for the next person to blame it on or to bail them out. When you run out of options, the only way up is after you hit the bottom. Don’t look for a bounce from the bottom either because it’s going to be an ugly flat line before it starts creeping back up and only then if the powers that be get out of the way.