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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (8815)	3/10/2009 12:00:38 PM
From: TimF	Read Replies (1) \| Respond to of 103300

Long post. Mainly because the original article it was replying to was fairly long, and made a lot of points to reply to. some proportion of current federal expenditures can probably LEGITIMATELY be regarded as 'investment'. I refer specifically to some hundreds of Billions in 'bail-out' funding extended to various institutions in the financial sector --- much of which spending has been made as direct interest-bearing loans, or equity investments, for which notes, stock and warrants have been issued. This no doubt meets any definition for 'investment'. Perhaps. Probably not "good investment" in the normal sense of that term, not investment that has a good risk adjusted rate of return, but people buying houses to flip at the peak of the bubble where still making investments. But there seems no shortage at all of information (readily available practically daily in the sad headlines of most any newspaper in the land) to support that contention. But there is a lot of evidence that says otherwise, some of which I've posted, including (I think) posts to you. Also "the worst since the great depression", is often used in such a way as to try to imply that there is a serious risk of being as bad as the great depression, or at least that the current problems are much closer to the great depression than they are to an ordinary recession, and I'd say the evidence suggests that neither point is correct. Bracket Creep is the politicians FAVORITE TAX INCREASE! (As I have posted here many times....) Politicians love it so much because they never have to record a vote for increasing taxes. (They just let inflation do the dirty work for them.) :-) That's true.