SI
SI
discoversearch

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

To: i-node who wrote (499936)7/31/2009 10:06:27 AM
From: Road Walker1 Recommendation  Read Replies (1) | Respond to of 1583406
 
Can you, in a couple sentences, tell us what he did to "save us"?

The stimulus. Having the right people in charge of the bank rescue. Saving the auto companies, and the 100's of thousands of jobs that would have cost directly and indirectly, and the ripple effects. Restoring faith in the markets so people would lend again.

In general using the government to backstop an economy that was reeling out of control and was about to collapse. It's fact inode, like it or not.

Now we're starting to accelerate our withdrawal from Iraq and that should help in the future.

Just thank your lucky stars Bush wasn't in office. Obama arrived just in time.



To: i-node who wrote (499936)7/31/2009 4:18:55 PM
From: combjelly3 Recommendations  Read Replies (2) | Respond to of 1583406
 
"We know it isn't the "stimulus" because it hasn't been spent yet. "

This, per usual, is counter-factual. The only bright spots in the recent numbers are directly attributable to the stimulus. Federal, state and local spending were the only categories that grew instead of shrinking. And made the numbers merely bad instead of disastrous.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News