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


To: one_less who wrote (519226)10/8/2009 9:12:58 PM
From: i-node2 Recommendations  Respond to of 1576890
 
>>> The Biggest Sucker Rally Since The Great Depression

This is likely.

It is the problem with "stimulus". You borrow a lot of money with the attendant consequences, and by pumping money in to makework jobs, everyone starts feeling a bit better, then the consequences start to chip away.

Either you have to keep on spending, which sends you into an inflationary spiral, or you stop spending and get the "Roosevelt Recession" all over again.

Either way, we're stuck with $100 Million/day in additional debt which is inflationary in the end.

Inevitably it will lead to higher taxes, which as they always do, will kill the economy.

It is all screwed up but no country in history has spent itself into prosperity. IN the end, WS is not going to like the way it all turns out.



To: one_less who wrote (519226)10/9/2009 7:47:46 AM
From: Brumar89  Read Replies (1) | Respond to of 1576890
 
broadcast.ino.com



To: one_less who wrote (519226)10/9/2009 11:24:55 AM
From: combjelly  Read Replies (1) | Respond to of 1576890
 
"Allow Me to Introduce: The Biggest Sucker Rally Since The Great Depression"

It certainly could be. Especially if we do what the wingnuts want, which is to cut spending. Even if we don't, we still could double dip. Which is why there are rumblings of a second stimulus package.