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


To: bentway who wrote (540498)1/4/2010 12:39:51 AM
From: i-node  Read Replies (1) | Respond to of 1574519
 
>> Prevented the Bush Great Depression II.

Yeah, that 800 Billion stimulus package which practically EVERYONE agrees hasn't worked. I guess that's what you mean, since it was GWB who did the rest of it.

The problem is that the consensus view (even from the WH) is that the effect of the stimulus will be OVER 6 months from now. That's it. For 800 Billion, that's all we got.

And unemployment 6 months from now it likely to 9% or higher and could well be higher than 10% for all we know. So, obviously, Obama's actions did nothing. At all. Other than to run up the debt for future generations.