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Politics : Formerly About Advanced Micro Devices
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To: one_less who wrote (477851)5/5/2009 1:53:42 PM
From: Road Walker  Read Replies (2) of 1574177
 
So far the nation's economy seems to be following a natural recovery cycle.

Only because of some very radical actions. You don't get a complete breakdown of the banking system everyday... we were truly on the verge of calamity. An almost mirror image of 1929 but with far more world wide interdependence. Without trust between banks NOTHING moves around the world... commerce stops. That's what we were facing down.

However, you can take money from the government coffers and spread it around giving the impression that we have wealth, when in fact we are don't, we have massive debt. We need to begin producing new wealth or when this stimulus is gone we will be in worse shape than before. Which seems counter to most extreme left wing thinking.

Won't argue with that... but 'extreme left wing thinking' isn't running the show.
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