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


To: Alighieri who wrote (606027)4/1/2011 10:24:17 AM
From: i-node  Read Replies (1) | Respond to of 1582369
 
Spiking oil prices (a result of the Bush destabilization of the ME) are causing selective inflation...on average inflation is tame.

That's bullshit. Blame it on Bush. Never mind that Obama told Americans that he would keep unemployment under 8% if only he could blow a trillion dollars.

The simple, plain fact is that it is abundantly clear to everyone with half a mind that government spending always comes with a downside, and that downside is inflation.

Further, there is no evidence that any serious economic difficulty has been improved by government spending. The Depression was PROLONGED by it, and now this recession has been as well.

All we've done is to saddle every MAN WOMAN & CHILD in this country with ANOTHER $3,300 in debt.



To: Alighieri who wrote (606027)4/1/2011 10:34:51 AM
From: i-node  Read Replies (1) | Respond to of 1582369
 
From your link, nitwit.

"If we look back to the lessons of the 1970s, we see that it is not the price of oil that caused the Great Inflation, but a monetary policy stance that was too accommodative," he said.

I'll say.



To: Alighieri who wrote (606027)4/1/2011 12:07:20 PM
From: Brumar893 Recommendations  Respond to of 1582369
 
Why is Obama destabilizating the ME?