Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RMF who wrote (50253)	2/8/2009 11:21:26 PM
From: Mac Con Ulaidh	Read Replies (1) \| Respond to of 149317

Nationalize. Tell Summers. That is the answer.

To: RMF who wrote (50253)	2/9/2009 2:46:19 AM
From: geode00	Respond to of 149317

Yep, I heard 10% although in places it is already past 15%. Another 10% and they are officially in GDII which seems horrifyingly possible since places like Elkhart, IN zoomed from sub 5% to 15% in a year. IMO economic growth, employment is the key. If the banking crisis stems from the writing down of assets, the defaulting of loans, this only gets worse when people have no income. We will keep chasing the ball down the hill as things continue to get worse at a faster rate. Tax receipts go down while social services need more money...ugly spiral downward. The federal government is the shopper, on the margin, of last resort. If it spends, say, a trillion 'extra' and the economy is contracting by a trillion, will that be enough to get things moving again? From what I read, that seems to be the thinking.