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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (683896)11/8/2012 4:53:18 PM
From: Tenchusatsu  Read Replies (3) of 1572474
 
I understand all of that CJ, but the continued deficit spending is proof that the economy continues to be on life-support.

Meanwhile the public continues to become more and more dependent on government spending, as can be seen if you suddenly decided to cut the deficit in half next year.

It's been four years since the financial crisis of 2008. Lending should be back to normal by now. And by normal I don't mean back to the crazy levels of the real estate bubble.

There are other negative pressures now on the economy, the biggest one being government policy and its effects on business. Minimum wage, ObamaCare, penalties for offshoring, higher taxes, all these fears are compounded by the need to reduce the deficit.

And that's why I think the next 12 months are going to be rather rough.

Tenchusatsu
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