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

To: combjelly who wrote (445777)	1/7/2009 4:21:43 PM
From: michael97123	Respond to of 1575047

This is where bernanke is expert. After all the talk about tax and spend and then borrow and spend being bad (often correct) now we have to live with tax and borrow and spend for several years. Hard to make sense of the dismal science but i am going with bernanke, obama and FDR over phil gramm, herbert hoover and boner.

To: combjelly who wrote (445777)	1/7/2009 5:07:54 PM
From: tejek	Respond to of 1575047

"by 1937, it had dropped to just under 11% when we were hit with another recession. " It is instructive to note this one, btw. The reason why we got that recession was that FDR had been under pressure to stop the economic stimuli and let the magic of the market place reassert and drive the recovery. However, when the economic stimuli were cut back, the economy promptly tanked. I should have known. The blame for this country's problems does not lie with the wingers. It lies with the rest of us forever listening to them.