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"Why Would Politicians Allow The Free Market To Work And Expect To Be Re-elected?"
Between discussions of gold-backed debt issuance in Europe (from Rick Santelli) and why Europe's problem is not merely a banking crisis but far worse (with the need for large-scale default and deleveraging as opposed to constant political intervention to makes things worse - quoting our earlier note on Italy's insanity), Michael Pento asks, rhetorically we pre-supposed: "What is wrong with letting the free markets work here? Let's let what is going to happen, happen!" But Bill Griffeth provides the truth-quote-of-the-day (in a stunning kimono-opening for the CNBC-watching public at large) when he opines on Pento's question that "There is not a single politician who hopes to let the free markets work and be reelected."
Indeed - as Santelli adds: "You Nailed It!"
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Santelli is the Best! reminds me of my Fathers irreverence to MSM party line statements. Watch you job Rick! Your telling too much truthiness..
God bless!
-JP
Santelli = Sanity.
And not in the Krugmanian sense of that term :)
The free market stinks of salmonella and open sewers. Stop using stupid terms - every market is regulated.
US citizens must cling to their fantasy, they can not perceive reality without the mediation of fantasy.
Gold?
Free markets?
Next Santelli and Pento will be suggesting property rights and habeus corpus.
"private sector is fine, what we need is to protect government workers, washington needs to send money to the states to protect the firemen, police and teachers"..O bum a 2012.
seems I was worrying about the wrong economy..that ladies and gents is our leader..the markets can never be free as they are host to the parasites from wall st to your local schools and firehouse..
I weep for the gov workers they are the victims of my greed. let me dig deeper to keep those DC benefits whole.