And for those of you who need an intellectual challenge, the following brain teaser. Compare and contrast the following quotes. First, there's this:
"This is about the future of our country, our kids and grandkids ... We the people have to rise up to make sure things get changed ... You can't solve a problem until the majority of the people believe you have a problem that needs to be solved."
Then there's this:
This past couple of weeks as the Dow continues to break new all-time records, most people haven’t even got the slightest clue that it’s happening. For example, there’s nothing about it hitting another all-time high today in Canada’s financial capital’s favorite newspaper, the far-leftist Toronto Star. Nothing! Of course they’re not “into” that whole “capitalist” thing. Liberals are against that! Too competitive!
Now, which of these quotes came from a high-level, non-partisan official in the U.S. government trying desperately to warn the public of the oncoming financial crisis, and which is from an ignorant, cheerleading, neo-con wank with the financial acumen of an eight-year-old?
Take your time. Getting this one wrong would be kind of embarrassing.
2 comments:
The Dow hitting "all time highs" is not exactly indicative of much other than investor over-optimism - which is hardly a measure of economic performance for a nation.
As I'm learning in Business 111 here at Laurier (That's right, CC, your neck of the woods), stock prices are the "global perception of future profitability." In other words, people are THINKING that the US economy is doing well, and will continue to improve.
Does that mean the economy IS doing well?
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