This isn't a political blog and we rarely dabble in commentary on the news, but I have a couple pennies. The current economic situation has been difficult for me to understand and the proposed solution may be even harder to grasp but I heard someone on the Sunday morning news with Mr. Stephonopolis (no idea how to spell that) give a fairly concise description of what is happening. The summary is that the "US government is now privatising wealth and nationalizing the problem", in this case bad loans. That struck me as a good way to look at the issue.
(P.S. The cartoon above was created by Mr. Danziger, who I hope will not sue me for posting it)
No comments:
Post a Comment