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

To: Alighieri who wrote (604939)	3/23/2011 7:34:06 PM
From: i-node	Read Replies (2) \| Respond to of 1577592

>> Look at the 2009 spending vs tax revenue inode...that's bush's last budget and result of the economic downturn. That's what W left behind for O to deal with...try to get some reality in your thinking...along with some facts. This is far too complicated for you to understand. However, keep in mind that $700 Billion in TARP money was expensed under the Bush budget (increasing the deficit by the same amount) then recaptured as revenue under the first year Obama budget -- in effect, the accounting irregularity gave Bush a $700B "hit" and Obama a $700B "bump". Proper accounting would have had neither of these events occur (and, in fact, after the numbers came out, they were revised by Obama to reflect the fact that almost all the Bush money was recovered and much of the Obama money will be). >> let's stipulate that smarter people than you or I thought (and still think) that the economy needed a strong push.. I will stipulate they are smarter than you, which isn't saying very much. Obviously, anyone who believes that government spending can cause an economy to recover is less smart than I am as I've known it couldn't for most of my life. I know that there is no magic.

To: Alighieri who wrote (604939)	3/23/2011 8:01:34 PM
From: Tenchusatsu	Respond to of 1577592

Al, > Hey inode, let's stipulate that smarter people than you or I thought (and still think) that the economy needed a strong push...the fed reserve has been and still is very active in the background precisely with this thinking in mind. You saying that the economy would have recovered on its own doesn't make it so...and has zero credibility. People who hide behind unnamed "smarter people than you or I" also have zero credibility. Especially if there are also some very smart people who make a convincing argument that the economy would have recovered on its own. Tenchusatsu