>America faces a crisis of leadership
From Danial Loeb…
“…America faces not only a crisis of confidence among consumers unwilling to spend and businesspeople unwilling to invest, but also a crisis of leadership. So long as our leaders tell us that we must trust them to regulate and
redistribute our way back to prosperity, we will not break out of this economic quagmire.
One can hope only that this Administration, composed of brilliant academics that have had
experience in creating the very regulation and overseeing the very institutions that have
failed, has learned from its mistakes and will set us down the right path. Perhaps our
leaders will awaken to the fact that free market capitalism is the best system to allocate
resources and create innovation, growth and jobs. Perhaps they will see the folly of
generating greater deficits by “investing” in programs that lead to corruption and
distortions of the system. Perhaps too, a cloven-hoofed, bristly haired mammal will
become airborne and the rosette-like marking of a certain breed of ferocious feline will
become altered. In other words, we are not holding our breath and are focused instead on
navigating these murky waters for the benefit of our funds.”
