In all fairness, when was the last time America's economy was "good" according to most people? If we disregard the bubble eras (i.e., Internet stocks, housing), we're talking over 20 yrs ago.
During Clinton, and early on in Bush's 2nd term, Americans regularly cheered on an economy that we later realized wasn't real. So maybe today's pain is a long overdue market reset; a shakeout if you will; where unnecessary skills are no longer rewarded.
Sure, Juan's quote sounds way out of touch. But the truth is far deeper than picking Romney or Obama.
Washington DC has been glutted with "stimulus" so, Williams is right - THINGS BE GOOD!
ReplyDeleteIn all fairness, when was the last time America's economy was "good" according to most people? If we disregard the bubble eras (i.e., Internet stocks, housing), we're talking over 20 yrs ago.
ReplyDeleteDuring Clinton, and early on in Bush's 2nd term, Americans regularly cheered on an economy that we later realized wasn't real. So maybe today's pain is a long overdue market reset; a shakeout if you will; where unnecessary skills are no longer rewarded.
Sure, Juan's quote sounds way out of touch. But the truth is far deeper than picking Romney or Obama.