Friday, May 15, 2009

Bipolar?

Huh? If the President believed his own sound bites, wouldn't the administration have pursued some other, maybe more fiscally sound, type of action?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=worldwide

Sounds almost like a political defense for potential calamity is already being weaved.

When one combines the above with the administration's recent non-sensical stance on taxing US Companies with foreign subsidiaries and the notion that it would limit compensation somehow at non-TARP receiving entities, I cannot help but feel a complete lack of long-term foresight and planning within this group.

If the administration does not slow down and come out with some form of legitimate direction, the revolution will end - quickly! Common sense and long-term planning hopefully trump the scatter shot, flip flopping approach we are seeing today.

-2outof4

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