Didn't I Say That

I get asked all the time, "How long will this recession last?" or "When do you think we will get back to normal?". My answer has been the same, "Six months to a year after the government quits screwing with stuff." Now I see my answer is starting to be Parroted by others.

Ron Paul: To Save The Economy, Do Less

Congressman Ron Paul says Obama’s blowing it.
"You can take care of people, but never with a deficit, never by expanding the spending," the Texas Republican told Yahoo’s Tech Ticker.
"The more we do to interfere with the correction — the longer it lasts."
The recession that came after World War I only lasted a year, Paul says, because the government didn’t intervene.
“Hoover messed things up and Roosevelt compounded it because they believed the government had to prop up prices,” he notes.
According to Paul, the Great Depression actually ended after World War II. “It took that long to liquidate all the debt and bad investment,” he notes.

Read the rest if you must.

As long as the government continues to mess with our economy people will sit back and wait till the dust clears before making any moves. Why invest if the government is going to keep changing the game. Unfortunately, the longer they screw with stuff the deeper the recession will go. The more money and commitment to advance will be held from the market.

BO and his Car Czar has further complicated the future of financial markets by severely damaging bond funds such as those held in the auto industry. What was once a safe investment has been changed to risky. Further damage was done by denying business the right to set their own goals and make executive decisions. We saw bankruptcy law trashed in a multitude of ways.

All these acts further reduced confidence in the market place. Each of these poor choices by our government set back the hopes of recovery. I won't even go into bank buy outs and the excess printing of currency. Our government has done more damage to our economy in a year then anyone would have ever imagined. World markets used to look to America as a safe place to invest and now these cash infusions have almost dried up. Debt holders are starting to pull back and ask for guarantees.

We need to tell our representatives to stop screwing with the market and allow the system to right itself through sound business not government manipulation. We will continue to free fall until they are restrained.