Location: Pantego, Texas, United States

Monday, December 08, 2008

According to the NYT, Obama and the Democrats intend to pick winners and losers in the marketplace. This is not surprising news. Historically governments have not done well at picking winners and losers. The current Bush Administration has gotten into that some, and does not appear to be a success. Of course Obama is supposed to be a lot smarter than Bush and the evil Republicans. We'll see how it works out in a few years. I look for a country that economically looks much like France; half of the people employed by the government and persistent 10% unemployment with high inflation rates. Regardless of what happens to the country's economy, we can be sure that Democrat (and selected Republican) insiders will be much richer. Expect Buffett to get much richer.


Post a Comment

<< Home