Taleb: Our Leadership Is "Literally Incompetent". They Are Making Things Worse and "R

08/12/2009 • Washington;s Blog

Nassim Nicholas Taleb told it straight on CNBC today, saying: "We still have leadership that's literally incompetent" The government doesn't see the problem. They are just applying patches The risks to the economy that were there before are still there. In fact, the risk to the economy is probably worse now than before. Fewer people employed today with same level of debt. We are just converting private debt into government debt Government has a lack of understanding of the disease. The government is treating a guy with lung cancer for a headache. Government hasn't recognized problem of deleveraging. Structural changes have not been addressed. They're not working on a cure. Not working to remove tumor Obama has rewarded the people who got us there video

1 Comments in Response to Taleb: Our Leadership Is "Literally Incompetent". They Are Making Things Worse and "R

Comment by William1950

Entered on: 8/13/2009 1:13:01 PM

Look into my eyes, we can spend our way into the future and using trickle down voodoo economics we will make it all up with the new taxes we will have. You do not need jobs just cash quarterly from the Federal government, see the Indian reservations so you know how that works, you do not need great paying jobs because we will give you food stamps and free medical, your home will be taken away but you can live in a housing project and we can make the world ready for our type of government, after all we are the bright shining Star in governments.

Or you can vote responsibility, jobs, education and safe streets. middleamerican2010

If you are a middleamerican tax payer the car deals just cost you a $150.00 and the trillions for the recovery puts you in debt another $45,000. Not counting interest!

Ready for real change?

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