PJ Media

#32 CJ – The wealth did exist. Some of it was indeed overstated. However, the thing is, the Stock Market looks forward, and it doesn’t look good for business. When the outlook for profits looks bad, stock prices go down. Value, and thus wealth, is destroyed, if it looks like a long-term problem.

The government is making the situation worse. “A depression is a mishandled recession.” Government has not yet fixed the underlying law problems. Propping up failed enterprises hurts. Bankrupting the nation is REALLY bad. Increasing taxes punishes. Cap-and-trade is horrible. So, wealth is destroyed, and it’s mostly the government’s doing. And it’s intentional. “A crisis is a terrible thing ot waste” – Rahm Emmanuel, WH Chief of Staff.