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

To: tejek who wrote (574313)6/29/2010 1:19:07 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1571035
 
Ted, > the Euros announced they are doing exactly what you wingers want them to do......cut their deficits. Obama asked them not to.

I know all that. Krugman is taking Obama's side.

The EU has already figured out what happens when you spend too much. They have little choice but to cut their deficits.

It may lead to a "Long Depression," but personally I don't think that has to be the case, especially in this global economy where everyone in the world is connected at Internet speed.

And yes, I know who Herbert Hoover is. I also know who FDR is. Guess who presided over most of the Great Depression? It sure wasn't Hoover.

tenchusatsu



To: tejek who wrote (574313)7/5/2010 10:32:44 AM
From: combjelly  Read Replies (2) | Respond to of 1571035
 
"If the Euros are stupid enough to do what wingers want, we go into a Depression ala Herbert Hoover."

Better example. Just look at what Britain did during the Great Depression. Things just got worse and worse until the switched over to a war time economy. Which, of course, involved government created jobs and massive deficit spending. Their economy quickly turned around...


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