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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (539235)12/28/2009 11:49:25 PM
From: i-node  Read Replies (2) of 1575775
 
>> The last market (housing) bubble was caused by Greenspan

Not sure where you got that idea.

>> Bernanke's loose monetary policy that is re-inflating Wall Street and housing

I think they're freaking. They have pumped so much money in, and the federal government has been spending and borrowing so much, that they don't know whether to shit or go blind.

If they start tightening right now it is going to KILL any chance of a meaningful economic recovery. And if they don't, they're in trouble the other direction.

Those who think we're out of the woods are not even close. Instead of curtailing spending, as they should be, they're growing it, literally, immeasurably, with a sick fiscal policy.

You can't spend your way out of a recession. It just doesn't work that way, and that is precisely what the Democrats are trying to do.
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