I am tired of People telling me what is Good for me--at a substantial Hourly fee

I have been reading on the Internet today, and it may simply be that it is April and I am snowed in, but there has been a serious deterioration of Expectations since the G20 conference. Joe Stiglitz seems to imply We cannot restart the economy without pouring in more Money than We have already lost. Paul Krugman suggests that the economy is not as bad as the Great Depression–maybe! Arnold Kling makes the Point that We are creating a worse financial system than the One which cost Us so much Money. Tyler Cowen states that it is the Creditors who should take the Hit, though actually they have already been hit, and want the Government to repay them their Money; a desire I can understand without that much sympathy. Read all the Links on Tyler’s Post, and decide for yourself whether you can squeeze out a Tear.

James Kwak extends the message somewhere that Rick Waggoner at GM was only a Scapegoat to hide the lack of reaction to the Wall Street Bankers’ malfeasance; though Rick with $23 million upon leaving had some consolation. Remember that Stiglitz stipulated that simply replacing the bad Juice in the economy might not restart the economy; I wonder How it could cost more than originally to get back to a position where We could lose a lot of Money again. You can tell that I am getting damned Sick of writing about the financial crisis, especially as Everyone claims Innocense, but insistent on huge Cash awards simply to maintain their Innocense. I agree with the Sentiment that the whole bunch should be forced into the bankruptcy system. The whole thing reminds Me of a Love Affair gone bad! Maybe there should be a Divorce Court for Corporate Executives waiting to get the Axe.

The fate of the simple Employee has faced financial ruin, as explained by this Fed Letter (pdf). Manual Labor have staved off Starvation as is normal since 1980, though equally as usual, just barely. The Super Brains learned How to scam the Wage system, and Skilled Labor was replaced by technology. The Letter does stipulate that Those who wish to find Employment in the future will have to engage in Manual Labor, or engage one of the monopolistic occupations–i.e., professional services. We are entering that period of Time where it is more important to convince Others that you should be paid large amounts of Money, whether you actually produce any significant degree of efficiency or not. I really believe it is the Blizzard in April; I am rather irritated! lgl