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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (2711)	12/14/2003 2:01:53 PM
From: American Spirit	Read Replies (2) \| Respond to of 90947

If you flood the economy with 500 billion in deficit spending you'd BETTER stimulate. Problem is, it's very cost inefficient and unsustainable. Jobs and consumer confidence are not getting better despite this HUGE spending spree, just more and more debt. Companies are making profits but not hiring. The report the other day predicted that won't happen for more than a year because companes are still tight-fisted and scared to risk their money. Also the war spending is a tremendous part of this so-called "growth". Problem is, it's all 500 billion in debt spending creating this GDP growth you love so much. Anyone can spend money. Bush is the greatest spender in history. But where are the jobs? And why has the dollar continued down? The stock and real estate markets now are also bubbles. Some of the stock prices are back where they were in the late 90's. Very overvalued. Can't believe people are still buying. Momentum traders I guess.