Tuesday, January 19, 2010
Economics 101
As others have noted, the stock market is not the preserve of a handful of fat cats; it's the engine that drives our retirement plans. We own all those stocks through our retirement plans. Fauxbama attacks the fat cats but hurts all of us in the process. His 'populism' only works for the ignorant and the populace that isn't invested (directly or indirectly). He is a walking, talking disaster, leaving destruction in his wake. When our retirement plans are diminished, so is our ability to hire people or buy things. The ripple effects are huge. This is all Econ 101, but the dims don't seem to have ever studied that
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