2009 - 2016: Was the Eight-Year Experiment in Maintaining the Status Quo a Success or a Failure?

of two minds - Charles Hugh Smith:

Clearly, the core strategy of maintaining the status quo is to borrow and spend trillions of additional dollars every year.



The Obama presidency was a grand experiment to test this thesis: the status quo of the U.S. is a self-correcting mechanism. Left to its own devices, it will automatically correct any socio-economic-political imbalances, given enough time.



The Grand Strategy of the post-Global Financial Crisis era was simple: maintain the status quo as is. The Obama administration's major policy initiative, ObamaCare, a.k.a. the Affordable Care Act, was nothing but the formalization of the existing status quo in healthcare, i.e. the taxpayers subsidize private-sector profiteering.



Cont....