So Many Things to Correct… So Little Time.

Bill Bonner's dark humor. But priceless still.

...Saving America from free-market capitalism will become the Great National Project of the Obama years. Deficits will top $1 trillion... maybe $2 trillion. Brain dead businesses will be kept alive. Whole industries that should be allowed to go broke will be protected. Towns, states, and colleges that should go bust will be propped up. There will also be a huge building boom - in infrastructure. Bridges, trains, highways...

... it may be time to buy cement companies!



... But now, Americans may become champion savers. Savings could rise to maybe 10% of GDP.

What will happen to all this money? It will be lent to the government. (About which... we will have more to say tomorrow.)

So do you see, dear reader, how the new financial system will work? Instead of squandering their money - as Americans have done for the last 20 years - now, the government will squander it for them...

For the complete article see http://www.dailyreckoning.com.au/so-many-things-to-correct-so-little-time/2008/11/19/