Saturday, December 05, 2009

It's NOT such a wonderful life!


Apparently the Capra movie is not under copyright. That's good. George Bailey is a national treasure; Mr. Potter was not as slick as contemporary Wall Street moguls, but his ethics would have fit right in.

Gotta keep an eye on Congress. The President may be in hock to Wall Street, but Congresscritters sometimes feel the heat.

However the system itself is stymied. Take a look at this explanation from Jeff Faux, founder of the Economic Policy Institute. He laments that we live under

a system of governance that for the last three decades has been incapable of dealing with the future because its most important financiers are still profiting from the present.

The whole article is a must read to understand where we've gotten to -- and worse, where we are probably going. We ain't seen nothing yet.

1 comment:

Kay Dennison said...

Great article!!!! I am a sound dollar supporter and want Bernanke's head on a plate. We've been playing with monopoly money too long. What's funny is that the consternation is coming from both sides of the aisle in Congress. Common sense (which isn't common anymore) should tell us the days of funny money are done.

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