Politicians are divorced from reality
Leaders in the US and Europe have lost touch and don’t care about stock markets or credit.
They aren't part of the real world. That's how I feel about the supercommittee lawmakers and Europe's politicians and central bankers. Neither group seems to care a whit about stock markets or credit.
In Europe, they just think about inflation. They still haven't rolled back the second rate hike. Can you imagine trying to do business with 17 different governments and a central bank that speaks of a binary world between slowdown and hyperinflation, when the truth is that the options are a severe recession/depression or inflation?
The risks and rewards are diametrically opposed to reality. The future of the European Union and the euro is in the balance and the bureaucrats debate some sort of euro bond safety net that can swing into action only after the private investors in banks are wiped out.
Meanwhile, federal unemployed benefits and the incentives to go back to work are going away courtesy of congressional squabbling to make the president or congress look bad. In the real world, no one cares about this stuff. Just in Washington, where all that matters is getting elected. I wonder if anyone cares about peoples' savings. That seems like an irrelevance to Washington. Both parties are to blame.
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Without real action, and left to their own devices, Europe will certainly crash under the weight of the $40 trillion in obligations. We will most likely be brought down with it for a severe hit that you can ride out in the best of the best stocks and the companies that have the most yield and are able to pay for it.
But let's understand each other: If something doesn't occur, we are way too high. Every index. And some of our banks are going to be called into question as viable entities once again.
So much ground lost. So much good squandered. And the politicians in Washington don't care enough, and the bureaucrats in Europe are oblivious to all but the worries of a euro weakened by printing money.
Raise more cash? Why not for the nimble, for those with higher-dividend-yield stocks? It's still the best place to be. But it is a really bad best place unless leaders wake up, and fast, either here or over there.
Right now, neither seems likely.
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They don't care about the PEOPLE! They are only worried about living their lavish lifestyles at our expense. Unlimited travel, free perks, unrealistic perceptions about what the American people actually need.
VOTE THEM ALL OUT OF OFFICE!
All of congress should be replaced, regardless of how good a senator or representive they are. This is why term limits are a must. Everyone say's yes: replace congress, except not my congressman/woman.
If everyone is on the bandwagon, who is going to pull the bandwagon? I never thought I would see America as corrupt as Mexico, but, that day is here.
to all who say "vote them out" whom do you suggest we vote for to take their place?
can't you see that with the 2 party system you'll just be voting for whom the owners
allow on the ticket?by voting them out you will just be voting more of the same in. voting is
a scam to make you think you have control but you never have and never will
Elected Politicians- they all talk about money in terms of Billions & Billions and Trillions of $ on one hand. On the other hand they are Cheating the Middle class America and SENIORS by taking away needed Medicare Benefits and Healthcare availability. Meanwhile they all live shameless High Life, some of it given to them by Corporations and Lobbyists (Corruption in the US). These elected greedy Politicians are conveniently Divorced from Reality and clueless to the needs of those who elected them in the first place.
Come Election Time, we American citizens should demand restoration of AMERICAN DREAM.
Wonder if Politicians will abandon Lobbyists from their offices? Can they stand for Election on the Principles set forth by our Founding Fathers and not being influenced by Lobbyists?
(How come the Law Makers put themselves above the Law and do INSIDER TRADING?)
I understand it's great fun to name call and play partisan politics. The politicians are elected by us. The reality is the quality of politicians reflects the quality of the typical American. Frankly, this is nothing new. From the very founding of the country, the system has been dominated by powerful interest groups who easily manipuated the masses with popular slogans.
The issue that truly interests me is how easily the masses are, again, being manipulated with the whole "entitlement" issue. The elephant in the room is the massive "entitlement" called the military. How any one can be convinced cutting 50 billion from an estimated true military budget of over one trillion will jeopardize our safety is another reflection of how easily we are taken in by slogans and officials playing into our pet peeves. And not mention of doing something about the worst most expensive health care system in the industrialized world.
Decades ago they bought our votes with alcohol. Now it's mass media and 15 second BS TV ads. But then 15 seconds is about as long as one can hold an Americans attention.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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