The investors are so worried that they can't find a place to put all of their money so that it will not lose value while they are sitting on it. Tell me where the investors are that were supposed to put their money into creating businesses and jobs. The middle class has lost over 1/3 of its net wealth over just the past few years while the wealthy investors are sitting on trillions of dollars in hedge funds and other financial instruments that don't create a single job anywhere. Oh, they are so frightened in Europe over Spain, Italy and Greece that they just don't know what to do with their money. Guess they will have to put it in dollars where at least they know they will get it back.
And what kind of idiot would want to return to the same practices that landed us in this spot in the first place? The only way we can get out of this is by more stimulus to the middle class to create demand and federal tax policy that allows the middle class to keep a larger portion of its productivity. Targeted stimulus to infrastructure, innovation and states will do more to get things moving than anything. Cutting taxes again and doing more deregulation will only assure the demise of the middle class.
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