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

To: i-node who wrote (539247)	12/29/2009 8:01:13 AM
From: Taro	Read Replies (2) \| Respond to of 1575695

You can't spend your way out of a recession. It just doesn't work that way, and that is precisely what the Democrats are trying to do. Those dems may not be the sharpest knives in the scatulla, but I really don't believe they are that dumb. IMO, first of all they are trying to spend their way in to keeping the majority in 2010 and next for the purpose of a second term for their Heroic little o. Taro

To: i-node who wrote (539247)	12/29/2009 9:44:18 AM
From: RetiredNow	1 Recommendation Respond to of 1575695

It's common knowledge that Greenspan left rates too low for too long after the Internet bubble burst. That inflated the housing market. Of course, there were plenty of other root causes, but since we were talking about the Fed, I limited my discussion to Fed causes. That's the perennial problem with the Fed. They are always trying to time entry and exit strategies for monetary policy. It seems to me that in the last decade that has made things worse, because it has had the effect of masking the underlying corrosion that needs to be cleaned away. Only the market has the power to clean up the mess by wiping out the folks who took too much risk. But we aren't allowing that to happen. We now have a society that wants a free market, but doesn't want the pain of the downside of the business cycle. That was obvious in the Bush administration and it continues now with the Dems.