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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (532656)	11/25/2009 2:50:27 PM
From: i-node	Read Replies (1) of 1586861

>>>> The state is NOT manufacturing GDP...it is helping people, and putting money in the economic loop in the process. As Tim correctly pointed out last week, if throwing $800 Billion in government money at the problem would solve it, why has not the military budget -- the vast majority of which is spent in this country -- "put money in the economic loop" sufficiently to keep the economy running? The fact is you could throw another 2 Trillion at the economy and when it is over you have just added another 2 trillion to the debt and given some people temporary work. With any luck, some event will occur during that period that turn consumer confidence around. But if it doesn't, you're right back where you started but far deeper in debt. Economic cycles are not unlike a tsunami; there is relatively little we can do about them at this point. We can try to mitigate the problem by sheltering ourselves with monetary and tax policy, but in the end, it is going to play out and all our efforts are going to provide marginal benefit in the end. All you can do is try to find higher ground; in the end, the tsunami is going to do what it does.

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