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Politics : Formerly About Advanced Micro Devices
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To: d[-_-]b who wrote (454656)2/7/2009 2:54:46 PM
From: tejek  Read Replies (2) of 1574855
 
Forget the markets, we're talking about the economy

As if they're not related.

So what that they are related.....it makes no difference.

The bad debt is a symptom of deflating assets

Or inflated prices - bubble bursting, which due to poor lending practices (zero down, adjustable rates etc) turned into a disaster.

Yes, and what's key now is to put a bottom under the value of those bad debts. And the only way you do that is to stop the freefall in housing and stabilize prices.

The only way out is to increase economic activity, and with it demand.

To increase demand you need to put money in the hands of the consumers - one way that works quickly is to take less from them in the form of taxes. It's a 1:1 transfer, spending future money is the trickle down model libs despise.

Do you not read the media? Americans are saving like they have never done before. Give them a tax cut and it will go into their savings account. Give more people jobs and the unemployment rate goes down, making people more confident.
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