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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (139493)	10/2/2001 11:31:55 AM
From: tejek	Respond to of 1580442

In short, that spending that you decry was to stimulate the economy. Which it did. Now the money spent did not have as much of an immediate stimulus as the previous model did. Because the money was concentrated in the hands of the affluent, it tended to be invested instead of immediately being spent on low margin goods, as welfare recipients tend to do. As a result, that spending fueled the stock market, as opposed to directly fueling the economy. What a joke! And the problem is is that Americans are too busy and consequently, too apathetic to find out what's going on. Billions wasted on bs....does have a ring to it. ted