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Politics : Politics of Energy

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To: Eric who wrote (23905)	10/20/2010 12:07:35 PM
From: Jorj X Mckie	2 Recommendations Read Replies (1) of 86356

Your getting a little bit mixed up here. No Eric, I am not mixed up, but thank you for condescending to me. That Clinton bubble period was based on good fundamentals in the economy. No Eric, you are wrong. Those good fundamentals were smoke and mirrors and it is absurd to suggest otherwise. Many of the easy money policies from the Fed to loose margin requirements with brokerages contributed to the bubble. The fact that it was a bubble is indicative of an unhealthy economic condition res ipsa loquitur. When you could buy a house with no money down this economy became screwed because of the distortions in our Real Estate system. When you could buy stocks for no money down...... Let's not repeat the Great Depression. Government has to step in in major economic situations to "prime the pump". No, government doesn't have to do anything. In fact, when they do, they make the situation worse. When you have large numbers of folks unemployed cutting taxes and spending is only going to make the problem worse. Classic keynesian economics that fails over and over again. Let's call it Groundhog Day economics. Cutting taxes allows businesses and individuals to spend more. It reduces the risk to businesses so they can invest in more jobs. Private sector jobs benefit the economy. Government jobs are a zero sum game. Taking money from my pocket to give it to someone so they can buy something from me adds nothing to economy. Didn't you take any economics in college? Sheesh! Oh wait! you probably think that food stamps and unemployment checks are stimulative to the economy....LOL

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