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After having a couple of days to think about what I wrote in “Don’t Do That,” I decided I needed to tie up some loose ends and wrap up some unfinished thoughts. I promise, this will be one of my last posts on the economy for a while.
Our current problem is the result of both the irresponsible consumer and the irresponsible investor. You can’t put all the blame on corporate America, nor can you put all the blame on consumers. The Federal government is at fault because when debt hits, they still expect their share of our hard earned money and their share of corporate America’s money. In short, the consumer wants money from the investor, the investor wants a return from the consumer and the Federal government wants everybody’s money. In that equation, there is always going to be a short fall. The one institution that doesn’t need the money is the Federal government.