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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (534932)12/7/2009 11:25:58 AM
From: Tenchusatsu  Read Replies (1) of 1575354
 
RW, > Even in your hyper partisan hallucinatory state you will admit there was at the least a risk of a depression, right?

Of course there was. Exchange one risk for another with bailouts.

People talk as if the federal government did something extraordinary to deal with extraordinary circumstances. I really don't see it that way. The Feds have a long history of being the lender of last resort. Now the risk here is that we've moved the bar when it comes to how much federal debt we'll tolerate. And when the effects of that are felt, who's going to come and bail us out?

No need to pretend that I didn't object when Bush increased deficits to pay for his adventures. Of course I objected. Many times. Now we see the political results, and later we'll see the fiscal results.

Maybe by then Krugman will have rediscovered his anti-deficit stance.

Tenchusatsu
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