Oh, wait. I suppose I ought to explain who Paul O’Neill is. A decade ago, he was President Bush’s first Treasury secretary. I have no very clear memory of him except that he toured Africa with Bono and they were photographed in matching tribal dress looking like Colonel Qaddafi’s Mini-Me twins at a Tripoli sleepover. Other than the dress-up fun, I’ve no idea why they were in Africa, but you paid for it, so I’m sure there was a good reason.
Anyway, Secretary O’Neill popped up the other day on Bloomberg Television to compare debt-ceiling holdouts to jihadists. “The people who are threatening not to pass the ceiling,” he said, “are our version of al-Qaeda terrorists. Really.”
Read more about our Federal monitary fantasy: http://www.nationalreview.com/articles/266028/discredited-mark-steyn
I work in valuation of Real Estate. It has been the end of the economic whip and the Fed created and cracked it!