Of course they are going to say that Obama’s proposal to place limits on risk taking will ruin the economy. Don’t believe it for a second. It’s a lie. By limiting risk taking, Wall Street will have to go back to the old fashioned way to earn money. Growth…on Main St America.
“We’ve got one chance to handle all this debt that we’ve built up in the country, and that is growth,” he said. “His ideas to put a straightjacket on the banks and the key to funders of business in this country will once again be a growth killer.”
What growth…where? Sorry Wall Street…you had your chance to use your wealth to create growth in America. You proved you are only interested in short term gains and personal wealth. Now you will have to invest in the economy in order to make money.
Markets are down today, but not to worry. It’s higher than it should be anyway. The stock market needs to go back to being a genuine gauge of the economic health of the nation, not a self propelled vehicle for obscene growth in personal wealth for the chosen few.