One of the most pessimistic and grim signals that little light is at the end of the tunnel is the almost complete absence, of people who actually saw this financial crisis coming-- and there were many, in positions of power or anywhere near it.
The chance that the recent move to put two major, insightful critics of current policies on a CBO advisory panel in even a window dressing capacity is heartening. The chances that, they will be listened to is however very slim since most of them are far too honest about the government and Fed's true role in causing this mess.
Found out about this on Bearish News.
One of my biggest gripes with people like Sean Hannity and Rush Limbaugh is how rarely they interview true economists like Peter Schiff, Jim Rogers, Nouriel Roubini and Simon Johnson. This has let the statist media to imply that few intelegent educated experts agree with many of their views, when in fact hundreds of major economists and analysts are critical of current policy.
I actually, don't have cable, but from what I can tell, Glenn Beck does a much better job.
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