The economic geniuses in the White House and the US Federal Reserve are compromising US interest rates for no good reason. Much of the money the Treasury borrows and the Fed prints is being shovelled into the most worthless projects on the planet – what we here at Notes like to call “Project Prop-Up.”

Here’s how it works… Incompetent managers at banks, insurers and automakers run their businesses into the ground while tearing the ass of the US economy in the process. They then turn to the politicians they finance via <!– /* Font Definitions */ @font-face {font-family:Verdana; panose-1:2 11 6 4 3 5 4 4 2 4; mso-font-charset:0; mso-generic-font-family:swiss; mso-font-pitch:variable; mso-font-signature:536871559 0 0 0 415 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:”"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”; mso-fareast-font-family:”Times New Roman”; mso-ansi-language:ES; mso-fareast-language:ES;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline; text-underline:single;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline; text-underline:single;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} –> lobbyists and campaign donations for handouts. Politicians then rush no-strings-attached legislation through Congress and dole out hundreds of billions of dollars to these failed companies with little or no oversight. The companies in receipt of these tax-funded bailouts then suck the lifeblood out of a once competitive free-market economy, prolonging any real recovery. The same incompetent management that drove these companies into a wall in the first place continue to make the same stupid mistakes, happy in the knowledge that they have politicians in their pocket and are protected by the mantra of “too big to fail.”