Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: slacker711 who wrote (129380)	1/27/2010 2:16:03 AM
From: Cogito	Respond to of 541955

>>Your comments make it sound like the only way out of a recession is government spending. As Reich noted today, it wasnt government spending that got us out of the recession in '93 (the so called "jobless" expansion). << I'm not saying that government must always prevent or attempt to "fix" recessions. As you point out, there are natural highs and lows in the business cycle. I'm only saying that in certain cases, actions can be taken to prevent recessions from becoming depressions. Didn't I say that? I thought I had put that into the post you responded to. At any rate, I hope I've made it clearer now. - Allen

To: slacker711 who wrote (129380)	1/27/2010 10:47:34 AM
From: Katelew	Respond to of 541955

Your comments make it sound like the only way out of a recession is government spending. As Reich noted today, it wasnt government spending that got us out of the recession in '93 (the so called "jobless" expansion). Of all the recessions I've lived through (as an investor trying to navigate the accompanying bear markets), I don't remember stimulus spending being used at all. Another important thing the public has forgotten is that Clinton raised taxes at the time and it didn't seem to have impaired the economy at all. I don't think the country can even come close to growing itself out of its indebtedness. Taxes must be raised, imo, and the sooner the better. I wish Obama's first initiative after taking office had been to at least suspend the Bush cuts, which were backend loaded anyway.