A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: SOROS who wrote (34)	1/7/2003 2:28:24 PM
From: Jim Willie CB	Read Replies (2) of 1210

TonkaMan, yes full court press puts it mildly Fed and USGovt will put the pedal to the medal have you ever been stuck in the snow with your car? you hit the gas pedal, but make it worse? you do nothing, and sheer gravity sinks you deeper? govt policy has been at work since spring the transmission has slipped the car is not moving I expect more of the same, with some shorterm stimulus to produce some shorterm results but citizens might take the benefits and simply pay down debt we will see but for the majority of the stimulus measures, dont expect any meaningful economic results UNTIL DEBTS ARE CLEANSED FROM BALANCE SHEETS this is the big deal overlooked by govt officials newly printed money will not eradicate debts maybe the USGovt should pay down $6 trillion in treasury debt, then pay down $18 trillion in corporate debt, then pay down8 trillion in household debt THEN PASS A STIMULUS PACKAGE !!! / jim

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