Advice to Obama: Get real
On Saturday US President Barack Obama told Americans they need "a few common-sense policies" - elimination of tax breaks for companies that outsource, mandated expansion of mortgage refinancing eligibility, tax credits for clean energy companies and small
Meanwhile in the real world of money, JPMorgan Chase in the US just lost US$2 billion in an investment – or on something – and no one seems quite sure why it was lost or just how it was lost.
Why does the term “common sense” seem so out of place in this discussion?
Far be it for me to advise the US president to “get real”, but what ozone layer is he in?
Common sense? Let’s get a bit more basic than even that.
Guy Baker
Bangkok
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