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

To: tejek who wrote (501432)	8/5/2009 11:37:34 AM
From: jlallen	Respond to of 1576893

Obama averted a depression. Sure he did! LOL!

To: tejek who wrote (501432)	8/5/2009 11:44:04 AM
From: i-node	Read Replies (1) \| Respond to of 1576893

>> Obama averted a depression. I can understand, given your partisanship, why you would believe this. But the simple truth, if one looks at all the facts and circumstances, is that the actions of GWB in getting the TARP I program through is what averted the economic collapse. If there was to have been a depression, it would have been caused by the collapse which GWB avoided. If Obama in fact avoided a "depression", it leaves open a couple questions you simply cannot answer -- a) Your claim is, in effect, that the expenditure of some $60 Billion by the government has turned around an economy of $15 Trillion has done this. That is 4/10s of 1%. A rather absurd proposition. b) If your claim is right why would you not favor stopping the "stimulus" now before we spend the other $700 Billion that will create inflation and saddle us with debt and $100M/day in interest into perpetuity?