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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (683987)11/9/2012 1:14:18 PM
From: combjelly1 Recommendation  Read Replies (2) of 1572561
 
You claim credit for predicting that inflation didn't run away like i-node and I thought it would, but the reason why is because "stimulus" ... didn't.
This is counter-factual Tenchu. The stimulus helped a lot. However it was too small. When consumers dove for cover, it blew a $3.2 trillion hole in the economy. $700 and something billion, more than a third of it was tax cuts which don't really help in a situation like that, isn't going to fill that hole. The tax cut didn't help because consumers had reigned in their spending and it wasn't going to convince them otherwise.

The recovery is starting to accelerate. Lending is starting to increase, housing starts are up, housing prices are starting to rise and unemployment is dropping. Barring something like Europe sinking further into recession or some other external force, we are out of the woods and have been for a while.

Well, there is one thing that we do have control over. The sequester. If the Republicans are unwilling to compromise, and compromise does not mean the Democrats have to do everything the Republicans want, then that could drive us into recession.
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