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

To: d[-_-]b who wrote (536244)	12/13/2009 3:00:24 PM
From: i-node	1 Recommendation Respond to of 1579893

A bit of an exaggeration - but he has managed through his naive business experience to make every wrong move possible and only after exhausting every bad idea has he started to think about tax cuts to let businesses keep their capital to invest and hire people. They are definitely working overtime to claim credit for anything good that happens. To a very large extent, recessions happen, they aren't "caused". The extent to which a president's actions can CAUSE a recession is extremely limited. OTOH, strong tax policy has been shown to be effective in quickly ending a recession. Today, on MTP they showed a very telling graph comparing the '81 recession with this one, and the failure of the president's economic policy to date could not be more apparent. Sure, it is going to come back. They all do. Greenspan, this morning, gave the credit precisely where it was due -- on the Fed's monetary policy combined with GWB's TARP program. He didn't even MENTION the "stimulus", which has, if anything, prolonged it (just as FDR's New Deal prolonged the Depression).