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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (574335)7/5/2010 1:59:42 PM
From: combjelly  Read Replies (2) of 1571120
 
"My problem with Krugman is that he doesn't recognize that we're in a bad debt trap, not a liquidity trap:"

Nonsense. Only the loonies in the Austrian School believe this. There is a reason why Krugman doesn't recognize it, it doesn't exist.

" The result will likely be a double-dip recession"

The only way we will hit a double-dip is if we institute the measures the Republicans want. Which would play into their hands. That way they can blame the Democrats, despite the fact it would be their policies that caused it.

But, whatever it takes to get back into power, eh? That way they can resume looting the country...
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