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"My wife and I have owned and operated a small business since 1986. When it came time to pay the bills, we couldn't just mint a coin to create more money out of thin air.

Congressman Greg Walden obviously cannot grasp the concept that the government has powers not available to the individual citizen. Well, most of them.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jan 7th, 2013 at 10:59:07 PM EST
[ Parent ]
But it's a narrative that works, reinforcing the difficulty most people have in grasping that concept.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jan 8th, 2013 at 02:11:08 AM EST
[ Parent ]
Were newly resurrected Alan Greyson and/or others in Congress repeatedly point out that difference during TV interviews and press conferences and point out as well the difference, in so many ways, having TBTF status and being the recipient of QE money makes for organizations it will, in time, begin to undermine the narrative. It also raises the awkward issue of why some have this status and receive this boon and others don't.    

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jan 8th, 2013 at 11:25:03 AM EST
[ Parent ]

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