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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (99600)	7/12/2009 9:10:07 AM
From: dave9	2 Recommendations Read Replies (3) \| Respond to of 116555

The real reason Obama rejects 2nd stimulus is that we can't afford a 2nd stimulus and our debt holders will revolt if the fed just prints more money. It is a whole new world; the fed unable to "just print money".

To: mishedlo who wrote (99600)	7/12/2009 9:20:32 PM
From: Steve Lokness	1 Recommendation Read Replies (4) \| Respond to of 116555

Obama Rejects Second Stimulus That would be the third or fourth stimulus wouldn't it? There was the stimulus plan from Bush and some have called Tarp a stimulus plan. What would you have Obama do - nothing? That would be political suicide. The Bush stimulus obviously didn't work and Obama's may not either - but as a nation we better suck it up, stop bitching and work together as a society. I'm so sick of everyone blaming each other climbing into their respective ideological corners - but have nothing real to offer. What we need is time, lots of time to deleverage the mess made before Obama was our President. He's been president for barely 6 months and unless you think the economy can be turned off and on like a water faucet, what does one really expect given the economy he inherited? With the comments on this thread, I would think the people here for the most part would be cheering Obama for dismissing a second stimulus. steve