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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (534975)12/7/2009 1:10:03 PM
From: i-node   of 1576893
 
You can't save your way out of a recession. You have to invest your way out.

"Investing" your way out isn't the same as standing back and throwing money, which is what the administration has done.

OTOH, I have no doubt that were Americans to see our government begin behaving in a fiscally responsible manner the resulting surge in consumer confidence would pull us out immediately.

It would take more guts than Obama has. Were he to come out and say, "We will NOT spend more money wastefully, we WILL recoup the unspent stimulus money because it clearly isn't helping the economy, and we will NOT spend the recovered TARP funds, we'll use it to reduce our national debt, and we will STOP the health care reform bill that we can't afford and try to come up with something that will control costs, etc. " -- we would see an immediate surge in growth and consumer confidence.

What we're about to see is Obama insist on reducing the deficit while exempting his own -- biggest spending social programs in history -- from the deal.
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