Thursday, July 7, 2011

I'm sick of the Obama Administration

The Republicans stopped making sense a good decade ago.  The Obama Administration decided that was such a good look, they'd try it too.  Since everyone on Obama's economic team who knew their stuff was gone, now they're stuck with Gene Sperling.  His response to why interest rates on US debt are really, really low:

Gene Sperling makes a fool of himself

Here's the transcript:

“well I think there’s a lot of factors that go into the interest rates right now.  But there’s certain things you know that are just sound….any country anywhere that has its debt increasing as a percentage of its income creates doubts about its sustainability.  That’s gotta discourage some people from feeling as good as the long-term investments…”

I have no clue what any of that means...

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