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Politics : Formerly About Advanced Micro Devices
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To: michael97123 who wrote (395984)7/3/2008 11:23:22 AM
From: Tenchusatsu  Read Replies (1) of 1575057
 
Michael, > I guarantee the first year (or two) will have huge deficits because we will either be in recession, coming out of recession or going into recession.

I think the recession will last at least two years, maybe more.

We'll probably emerge from it with an economy that has adapted to higher taxes, more entitlements, and the resulting unintended consequences of it (e.g. unemployment at EU levels, greatly increased illegal immigration, even less class mobility, etc.)

Tenchusatsu
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