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

To: TimF who wrote (413996)	9/5/2008 11:30:02 AM
From: jlallen	Respond to of 1578162

There you go again with those pesky facts.....lol

To: TimF who wrote (413996)	9/5/2008 11:35:33 AM
From: michael97123	Read Replies (1) \| Respond to of 1578162

Marty Feldstein was on CNBC this morning about the time the awful unemployment numbers came out. He is a McCain supporter and had a very dire outlook about the economy. Like me he believes we are first sinking into recession now and he seemed to expect it to last well into next year. He used words like unique to describe whats happening and expected the US weak dollar trade edge to go away in a few months sinking us ever deeper. He said housing and credit needed to be resolved before we creep out. At about the same time GS was downgrading ML to a featured sell, intimating something very bad about Merrills future. They probably will end up being bought at a song by a big bank. Feldstein also attacked the obama tax plan. He says when obama says tax cuts for 90% he is playing loose with the truth. He is counting spending increases by govt as tax cuts for some programs in the tax code. What that means is govt spends our money for us (for better or worse) and he counts it as a tax cut for the average american. Its been done before by other admins i am sure. Now to McCain. He has no coherent eco plan. Thats the issue that will decide the election and folks sense obama at least has one even if it violates the do no harm provision. But McCain appears clueless on the economy. He needs to get something together that could keep bush tax cuts which feldstein wants while assuaging the fears of the average joe.