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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (304442)5/9/2009 1:44:52 PM
From: LindyBill   of 793919
 
The times also feel like the mid 1970s.

One thing that may help. Mr Market is much better informed these days. Remember the "those damn bond salesmen!" by Bubba right after the 92 election when he found out that the Bond market would price his proposed welfare spending into the market?

Well, Obama is already running into some of that pressure. I suspect one of his reasons for trying to gain control of the Banks is a desire to try to fool Mr Market. But Mr Market won't let him get away with it.

If Obama continues on his present path, eventually inflation will set in. And remember what we had to go though to get rid of it in '82. Add that to our present economic problems and there really would be bread lines.
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