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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (68045)	11/14/2010 5:27:58 PM
From: Hawkmoon	1 Recommendation Respond to of 217596

Bush argued the "genius" of the U.S. economy is its ability to withstand financial shocks, The problem is that in any economy, it's the demand side of the equation that ultimately determines economic growth. We can give the TBTF banks all the money we want and they'll just park it back in Treasuries, rather than loan it to main street consumers (who may, or may not, even have demand to borrow more). IMO, that was the reason for Obama's huge stimulus package.. We either give US TBTF banks a place to park that cash domestically, or they would move it offshore (with corresponding repercussions for the US dollar). Stimulus, IMO, has it's place when there exists hesitation from the private sector to invest and take business risk. But how the government spends that money MUST incorporate an ROI, not just entitlement "sustainment". When taxpayer money is spent, it should be treated as an investment in future economic productivity, not just a hand-out. Hawk