Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Dan3 who wrote (99632)	7/13/2009 10:50:07 AM
From: Steve Lokness	2 Recommendations Read Replies (1) of 116555

Imagine where our economy would be if there the trillion or so of stimulus had been in the form of a retroactive FICA Tax holiday You mean send everyone a check like Bush did? Bush did that before the economy went off the cliff so looks like that was a dismal failure. Here you go trying to stimulate the economy. But that is exactly what you all are complaining about Obama. Deficit spending to do nothing but stimulate. I'm in agreement with most that stimulating won't work. The only thing that does is time. So why have government spend at all? We will have an excess in labor for a long time - perhaps a very long time. Democrats and republicans will not allow the country to fill up with hoards of starving people stealing to feed their families. Living in Hoovervilles. Sooooooo, put some of this excess labor to work to build things that will benefit America in the long term. Bridges, roads, hospitals, alternate energy, biotech research, broadband access, efficient power grids, etc. NOT TO STIMULATE - but to buy time for people to deleverage and to make America more competitive in the world economy. steve

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