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

To: michael97123 who wrote (447772)	1/15/2009 2:23:46 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1575625

Michael, > In any case, what you dont seem to get is that this is not supply side america of reagan anymore. I guess we're all Keynesians now, huh? I like how some people who had a huge beef with massive federal deficits in years past now think massive federal deficits are OK as long as we're trying to "stimulate" demand. Here's a downright right-wing proposal from a left-wing site: alternet.org > We could go another way. We could sweep the table clean of debt by allowing massive bankruptcy to proceed for companies and individuals, a national liquidation. This was the plan advocated by Andrew Mellon, Herbert Hoover's treasury secretary. > Something like that had worked in the recession of 1920. The pain was sharp but short. In a few months the recession was over, and the nation was off into the Jazz Age. In 1933 the pain was sharp but hardly short. Government action not unlike what the Bush administration has been doing may have stopped the process from completing itself. Tenchusatsu