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: Road Walker who wrote (525876)11/4/2009 12:59:59 PM
From: Tenchusatsu2 Recommendations  Read Replies (1) | Respond to of 1578552
 
RW, > Why do you think Fed and Treasury panicked?

Every recession is "different." The one in the early 90's was different. The one in 2001 was different.

Fear of the unknown leads to panic. Kind of like the swine flu, which isn't turning out to be any more deadly than the normal flu. Doesn't mean you ignore the problem, but it does mean that cooler heads should prevail.

Let me ask you this. If you're fine with a budget that is quickly growing from $3T to $4T, ask yourself if you can afford a 33% increase in your own taxes. Better yet, ask your employees the same question.

Tenchusatsu