from Zerohedge.........."Americans have been conditioned for 3 generations to expect the Savior State to "do something" during downturns to "make it right." The idea that systemic problems are now beyond the reach of the Federal government does not compute; there must be something the government can do to "fix" everything. This notion that the Central State is effectively omniscient and all-powerful is central to the belief system of Americans now. The concept that the government cannot fix the problem, or that government central-planning has made the problem worse, is anathema to everyone conditioned to believe government intervention will "save the day."
The basic reality is the Federal gov has already pulled out all the stops in the past 4 years to "make the economy recover," & all its unprecedented actions have accomplished is to maintain the Status Quo via unsustainably gargantuan borrowing, spending & backstopping."
http://www.zerohedge.com/
Bookmarks