“Mr. Ready to Lead” stikes again, if I recall correctly this was all supposed to stop being a problem with the Porkulous Magnificus Plan passed. It seems that the Sec of Treasury is no better at economics than he was at filing his taxes in a timely manner.

I wonder what he will have to say when the deficit comes in at twice the predicted amount for the year, remember his predictions assumed a 3% growth in the economy with the attendant rise in Federal income. What kind of chaos will accompany the bankruptcy of the Federal Government? I’m not one of those apocalypse types but this is really getting out of hand.

What I can’t imagine is why the Administration blithely assumes that investors will keep flocking to the market to generate big-dollar incomes when the Government keeps taking a larger share of that income. They seem to miss the point behind capitalism; if you are smart and work real hard and are a bit lucky you get to become RICH, no get to become the largest supporter of Govenment lackeys and dole receipients.

But none of them have ever had a job where they produced anything of value. Tends to skew one’s point of veiw.