Another historical day for the DJIA and this recession inches closer to a depression. Our policy makers are listening to economists who by their occupation are not entrepreneurs or business leaders so why oh why do they seem to have all the answers?
This past few months the liquidity has been literally stolen out of the private sector by our own government then force fed to companies that may or may not need the money. What can only follow now is the nationalization of top U.S. industries. If we thought we lagged behind the global economy before well we just took three giant steps backward:
1. The U.S. federal government is now the largest debt holder of American private industry.
2. There is no consumer confidence and therefore no trust in the marketplace for a bottom to be found anytime soon.
3. The American taxpayers are broke and have nothing more to give to this out-of-their-mind Congress and White House.
The mindset of "everybody for himself" is starting to set in and the answers are not found in politicians and spending bills. I pray one day soon, that Americans will turn back to a government of the people, by the people, and for the people will thrive again.
This is not a left or right, republican or democrat, or even a conservative or liberal issue. This is about what is right and wrong. And there is a whole lot of wrong going on....