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

To: Tenchusatsu who wrote (500040)	7/31/2009 12:59:16 PM
From: Road Walker	2 Recommendations Read Replies (1) \| Respond to of 1577293

Nah, they're going to argue that recovery is slow and fragile and that they still need the porkulus. How come you can see the future and I can't? Maybe it's the fundamental Christian thing. Got any idea on when Obama can get the annual deficit back under $1 trillion? Maybe when he succeeds in raising taxes on all income above $250K/year? My guess is it will take a while to undo the Bush budget, but yes a tax increase would help. Would really like to see him let the Bush 'temporary stimulus' tax cuts expire but it doesn't look like he is going to do it. Unwinding Iraq will help. My best guess is we'll get back to a Clintonesque budget by the end of his second term.

To: Tenchusatsu who wrote (500040)	7/31/2009 1:49:39 PM
From: tejek	Respond to of 1577293

Hmm ... tastes like recession Wall Street was buoyed by the GDP report. But consumers still aren't spending. And until they do, investors may have to be wary of the recovery talk. [excerpt] "As we suspected, things got a lot less bad in terms of economic activity. It means we turned a corner earlier this year in terms of the severity of the recession," he said. "The free market correction is abating quickly." Achuthan said the recession turned into "an abyss" last fall as the credit market froze. But trillions of dollars in government programs to ease credit have largely succeeded, which helped normal business cycle dynamics take over. 0:00 /4:32Recession spoils Obama's plans "The vicious cycle is become virtuous," he said. "Confidence is returning, pent-up demand is creating higher prices, and the economy is getting stronger." money.cnn.com