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

To: Brumar89 who wrote (615688)	6/10/2011 12:05:41 PM
From: i-node	Respond to of 1579811

>> private industry has lost confidence At the end of the day, this is all that matters. You can "stimulate" to the tune of trillions, but if consumers don't have confidence that the economy is turning around, it isn't going to turn around. The wasteful stimulus spending, adding of new entitlements, and realization by more people that we are already in trouble with Medicare, Medicaid and SS have all contributed to a sense of doom and gloom over the economy. Consumers realize it isn't coming back anytime soon, and they're fearful of making the kinds of expenditures that would cause the economy to come back. Add to that inflation pressures from the printing of money, and you have a recipe for disaster. It is unfortunate, but it looks as though we're on something of a cycle with electing liberal presidents. You elect a Carter, destroy the economy, and then have to have a Reagan to bring it back. 30 years later, a new generation has to repeat the foolishness. I'm afraid there is no Reagan waiting in the wings this time around.