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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (41669)	10/22/2008 3:24:15 PM
From: Elroy Jetson	3 Recommendations Read Replies (5) \| Respond to of 217826

If we prove to be in an economic depression the next President will rely on government spending to maintain employment in the economy. I would prefer a quick collapse with a very high unemployment rate, but I'm not going to get that with either candidate. John McCain has proposed a $15 trillion program to buy the mortgages of home owners who find their payments too expensive and use government debt to reduce their payments and/or loan balance. McCain's plan will nearly triple governmental debt. Barrack Obama has proposed spending a lesser amount of money on infrastructure projects, such as the electrical grid, using governmental debt. Between the two: McCain's plan is a massive welfare program without benefit to the taxpayer, and will provide a very limited rise in GDP; Obama's plan is a massive public works program enhancing the productivity of the US economy, and will provide a substantial rise in GDP, provided we have seriously rising unemployment. .