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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (36000)	10/1/2008 5:44:10 PM
From: koan	Read Replies (1) \| Respond to of 149317

koan: I see that clearly. We could lose thousnda of car dealerships and like ocmpanies, short loans are backed up months and in Alaska everyone has stsrted using the governemnt loan program for houses as ther eis little other money!. We are contracting as an economy at an exponetial rate. Keynes believed it was good for the governemnt to stimulate the economy (provide jobs even) during bad times, but he also expcted the governement to pay it back during good times. Bush has been running record deficts during good times by giving trillion dollar tax cuts to his rich friends. And that is not hyperbole!! Lizzy: :this ISM reading will put the fear of god into a lot of people but I fear its too late. The thing is that people don't realize that a deep recession will put the US further in debt than just this bailout and thats IF we lost all the bailout money (which I don't think we will). USUALLY when you go into recession you are coming off a boom period where you have built up reserves. I know for a fact businesses can't buy inventory and the next shoe to drop is the payrolls. These are the small companies in the bay area. These guys that I know can borrow money short term from the venture capital community but most cannot.