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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (776143)	3/22/2014 3:15:24 PM
From: tejek	Read Replies (2) of 1578159

Did the debt stop going up under Obama? Nope. It's ballooned. Under Obama, the Fed has come unglued and decided that Zimbabwe has a good monetary policy. MM, its like you don't live in the real world. To recap one more time: thanks to Bush and company, the US had the worst recession since WW II. To prevent the US from going into a depression like what happened in parts of Europe, the federal gov't stimulated the hell out of the economy which was a wise and important move. Unfortunately, the negative with so much stimulation is that it results in an increase in the debt. Now that the recovery is in place the deficits are going back down and are adding less and less to the debt. In a couple of years, the US has the opportunity to produce a surplus assuming the Rs don't screw it up. This is not new news so please stop complaining........it makes you look foolish. And let me add..........your need to adopt a formula and follow the rules of theoretical economics doesn't appeal to me. I want done whatever works at a particular time under a particular set of circumstances. Flexibility is key IMO.

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