The Smartest Guys in the Room?

The market has spoken. A sweet 5% drop in the S&P 500 in one day. All in response to the Government's "stimulus" plan to save the economy.

Say what you will about Wall Street and the shit that has happened in the past year and a half. But if you think for one second that bureaucrats in Washington are better equipped to solve the crisis than the highly educated, highly trained, and highly experienced risk managers at the largest banks, institutional funds, mutual funds, and trading desks in the world - you are absolutely out of your mind.

The more the Gov't gets involved, the more this crisis will perpetuate itself. More damage will be done. More innocent people (rich AND poor) will be hurt. More businesses will fail. And more jobs will be lost. But at least the Obamamaniacs can be happy there will be several billion dollars set aside for their liberal birth control/HIV awareness campaign. God help us.