So as we approach the end of Friday here in the US, I can not help but read the news and get a little depressed...
Small rating agency Egan Jones downgraded US debt to AA- which could be the precursor to the larger agencies downgrading us. Our leaders do anything except grovel about how $100 billion of auto spending cuts will devastate the government but smart people must realize you have start somewhere. I would prefer an approach where people discussed alternatives and compromised, but that IS WAY too hard for these absentee politicians........BUT.......
QE3 is here.....yippeee....more government (sorry FED sponsored) priming and dollar killing monies being pumped into the system. I mean how much will it take until people realize that keeping zero interest rates and repeating the same measures will not change the problem. Until we have more certainty around the fiscal stability of our government, people will continue to hire slowly and the recovery will be less robust.
Maybe this weekend we can all send our politicians a note and say we are sick of being ignored...START WORKING FOR US AND FIXING OUR DEBT PROBLEMS!!