Ok, now i really get it.
I doubt it.
- inflation is low
True.
- there is no real estate bubble, house prices are rising because of rising incomes, strong economy, low unemployment,low inflation, low interest rates, strong demand and shortage of available land
True.
-consumer wealth is at record levels,
True.
rising home prices create massive wealth that allows consumers to spend more
False.
-trade deficit is a sign of economic strength
True.
and the strength of rich american consumer.
False. Strength of poorer Americans.
Let somebody else sweat and produce the stuff we consume.
Are you saying you would deny other people the right to work hard and build their economies?
We have the money, they don't.
False. Both have the money.
-budget deficit will be reduced by strong growth
False. Budget deficit will be reduced if Congress cuts spending on social welfare and entitlements.
If all of the above is true then AG et al are geniuses,
None of the above has much to do with FED. FED is only responsible for maintaining the level of money in economy to support transactions, and that's pretty much all they have been doing for many years. I'm an expert on the FED and have been for longer than you have been alive, and longer than all the Armageddon authors have been writing their tripe. Why would you believe them and not me? Because you're poor and will stay so.
who have invented "free lunch",
The 'crats have been the chief architects of that over the past 40 years. That's how their inferior approach buys votes. You will vote for them in order bring back the evil, and you will do it to kindle your hatred.
The question comes to mind, why hasn't this been tried before, why have all the previous generations been so dumb?
Why are you so dumb?
Fools, they even suffered Great Depression.
What should they have done? Turned the country into a dictatorship of the proletariat?
And why this is not being tried in Ethiopia, Zimbabwe or Argentina ?
What is "it"? What you hope for to bring about the most chaos? In that circumstance you'd be the first to be eliminated. |
