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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (685492)11/19/2012 12:28:59 PM
From: tejek  Read Replies (1) of 1578022
 
But it doesn't. Where is the inflation now?

Its ironic.......traditionally, the Rs have been the party believed to understand the economy best..........and yet, they don't. It seems every R screams inflation these days while ignoring the higher than normal unemployment rate, the lower than normal capacity utilization rate and the significantly lowered national housing price median.

Like in many things they say and do, they assume that printing money will cause inflation immediately..........completely overlooking the deflationary position the economy was in after the great recession hit. They also assumed there were WMDs in Iraq. Tells you a lot about the lack of perspective and sound thinking in today's GOP.
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