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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (476444)4/29/2009 6:49:58 PM
From: Tenchusatsu  Read Replies (4) of 1573688
 
CJ, > And, historically speaking, that was exactly the case. Despite the running of really high deficits.

We're about to run even higher deficits to achieve any expansion whatsoever. Seems to me that the Fed is running out of ammo.

The economy was way too dependent on deficit spending during the Bush years, and it's going to get worse under Obama and the Democrats' "porkulus" bill.

Keynesian theory, like any other economic theory, works until it doesn't.

Tenchusatsu
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