Bailout plan is just another attempt to kick the can down the road
I refer to the diet of admonitions and lectures that I have received from a range of sources in business, politics and the media — not to be so negative. The genuine views were that if the media was more positive, consumer sentiment and recovery would quicken apace.
As an employer of 237 people, depending on discretionary spending power in the services sector of the economy, no one is more eager to believe in better times. Simultaneously, I have listened to a coterie of respected captains of industry, investment analysts and academics who tell me otherwise. An unusual feature of our economic meltdown has been two distinct separate narratives throughout. People who were shocked by current events of our international bailout have been listening to the wrong story.
