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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (704970)3/19/2013 7:58:52 PM
From: i-node  Read Replies (1) of 1572099
 
He and I complained because running high deficits when the economy is doing OK is an incredibly stupid thing to do. For one, it limits what you can do when the economy does sour. As we saw. For another, you risk inflation, which was settling in when the economy tanked in 2007. This is what happened in the 1960s.

Why none of you economic geniuses on the Right saw this I don't have a clue.


The basic problem is that we have people running the government today who have no idea what to do about a lousy economy, and as a result, an event that should have lasted 18 months has draged out for five long years, and will likely drag out for five more.
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