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

To: TimF who wrote (585342)	9/13/2010 4:31:28 PM
From: i-node	Respond to of 1576346

As I have argued before, there is no reason to think that government military spending did anything more than stimulate the military sector. While "stimulation" may help on the margins, the problem isn't going to be "solved" until consumer confidence returns. If one looks at the end of the Depression WRT the end of WWII, I think the general sense of euphoria over the end of the war and America's leadership in making it happen -- evidently had more to do with it than anything. What Obama has done -- increased the debt by a trillion dollars while throwing money down the toilet -- does NOTHING for consumer confidence (and in fact has probably had the opposite of the desired effect). Where is the evidence that "stimulation" of the economy works at all? If "stimulation" also happens to bring about consumer confidence, THEN you have something. Personally, I think it is a crock. The only thing that is going to turn this mess around is a string of good news, and I'm not quite sure where that comes from at this point.