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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Hayden who wrote (126858)	12/10/2009 10:50:46 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 541692

Jeff; What would you expect that that would cause? Inflation maybe? If you juice the economy as it roars shouldn't we have gotten inflation then? Well we did get inflation in housing, but that didn't work out to well huh? Inflation comes AFTER a real recovery that a proper stimulus should create Do you want inflation? The people who look forward to high inflation are those mortgaged to the hilt with no chance of paying all their bills without it. For the rest of America it is a wealth destroyer. You do know that the first stimulus package was a year and a half ago? That was the Bush stimulus plan. Then there was another and another and now they are talking about a fourth. Meanwhile we have gone to 10% unemployment. I hope you are right, but the cost of these stimulus ideas will shackle America for years. Even if you think inflation may eventually make the Chinese the losers here, we still right now push billions into the hands of the Chinese in the form of interest payments. America used to be a lender in the world economy, now we are more like a third world country dependent on the good will of China to keep lending to us. steve