Bringing Wall Street
down to Main Street
Here we go again
shoveling billions of dollars into “the economy” with what appears to me to be a
curious lack of purpose other than some wishy-washy notion of bailing out Wall
Street…perhaps the last street in America that needs and deserves it. The
situation seems curiously similar to what got us into the present mess in the
first place, where the government with the blessing of the Federal Reserve
crammed capital into the marketplace with no real destination in mind. Instead
of meeting true societal needs, it wound up instead fueling a bogus real estate
binge.
What the stock
market needs is not an infusion of cash, but the freedom to make decisions on
free market needs rather than those based on political expediency. And it’s not
the perpetuation of the system that just collapsed that’s needed, but rather the
overhaul of long-neglected infrastructure…energy, water conveyance and
treatment, roads, bridges, buildings, and nearly everything else that used to
make the US the marvel of the planet. That’s the message we need to send to our
elected officials at every level, before they launch forth in the new
year.