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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (356633)	3/30/2010 11:35:41 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 793900

"Evidence from past crises suggests that crisis-induced output losses are permanent, or at least persistent, in their impact on the level of output if not its growth rate," Haldane said. "If GDP losses are permanent, the present value cost of the crisis will exceed significantly today's cost." The losses are nothing compared to the ongoing damage caused by the idiocy on going in Washington. Between destructive regulation, punitive taxation and complete stupidity like Cap and Trade, the world and our beloved country are on the road to financial ruin on the Nancy/Harry/Barrack Express.