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


To: combjelly who wrote (528089)11/11/2009 10:37:28 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1576290
 
CJ, > Productivity has gone up already.

By how much? This is a consumer-driven recovery. We aren't producing all that much more, except:

a) Stimulus funds, e.g. to repave roads,

b) A bounce back in manufacturing after panic lows.

It'll take a lot more than that to counter the effects of oncoming inflation.

Tenchusatsu



To: combjelly who wrote (528089)11/12/2009 12:24:18 AM
From: i-node  Respond to of 1576290
 
>> Needless to say, the deficit will have to be cut.

There is no plan, whatsoever, to cut the deficit. Hell, the health care bill alone, if it passes, will increase the deficit by a couple hundred billion a year (assuming, which it is fair to do, that CBO has missed it by at least 100%).

The country is in a state of disaster at this point that is being made far worse by the failure of the American people to elect a divided government which would have stopped at least part of Obama's insane fiscal policy.

In all likelihood, we are witnessing the end of any prosperity in America. It COULD be brought back, but I do not believe the administration or the congress has the will to do it.

America, as an economic power, is on the wane. Unless our government can behave like, for example, Chile or even Canada in controlling costs, it is over.



To: combjelly who wrote (528089)11/12/2009 1:35:11 PM
From: Joe NYC3 Recommendations  Read Replies (1) | Respond to of 1576290
 
Productivity has gone up already.

And also, a jump in unemployment. When you lay off your least productive workers, obviously the productivity will go up.

Good scenario is when you have rising productivity at the same time employment is growing.