On September 20, just a couple of days ago, Simon Cowell appeared on the Piers Morgan show. Piers Morgan asked Simon Cowell a question completely unrelated to Cowell’s expertise in the fields of music and entertainment.
“What could the United States do to fix its economy?” Piers Morgan asked.
Simon Cowell hit this one out of the ball park with a beautifully simple and direct answer, “Manufacture in your own country.”
The solution is so very simple, but so very difficult to implement, thanks to special interests and paid politicians.
In extending its campaign of novel efforts to shake the economy from its torpor, the Fed said that it was responding to evidence that there is a clear need for help.
The Fed continued with the obvious, “Growth remains slow. Recent indicators point to continuing weakness in overall labor market conditions and the unemployment rate remains elevated.”
Is that news to anybody?
So while Simon Cowell has it right, Ben Bernanke stumbles on thinking some interest rate on a bond that will mature sometime in the distant future will put people back to work.
Hey, Bernanke, do you know that the banks are holding $2 trillion that they are afraid to lend?
Meanwhile, House Speaker John Boehner, slave to the rich, believes that lower taxes on the rich will stimulate the economy.
Hey, Boehner, don’t you know that the rich are job destroyers, not job creators? It is the rich that are sending American jobs overseas, so that they can wallow in their short-sighted short-term profits. Also they can hire lobbyists to pay off guys like you, Boehner.
Simon Cowell for President?