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

To: puborectalis who wrote (645653)	2/16/2012 9:47:33 PM
From: i-node	1 Recommendation Read Replies (3) \| Respond to of 1573954

>> /this was the worst recession since the great depression.......and it will take less time to recover than then As it should. But it should have taken less time than it has. "Conventional wisdom holds that severe recessions are usually followed by strong recoveries. This belief goes by many names. Milton Friedman termed it the “plucking theory” of business fluctuations, likening recessions to down plucks on a guitar string.[1] The essential insight is that the harder you pluck down, the faster the string snaps back to its original position. In the wake of the early 1980s recession, economist Alan Blinder wrote about the “Joe Palooka effect” following recessions, named after the comic book boxer of the same name who could take a punch.[2] In a series of papers I wrote with my colleague Nathan Balke after the 1990 recession, we documented this strong recovery phenomenon using time-series data on U.S. industrial production going back to the 19th century.[3]" -- by Mark A. Wynne, FRB Dallas There is no reason this recession shouldn't have been over a year ago but for idiotic Obama policy. This phenomenon is well-documented; yet it is consistently ignored by idiots who want to complain that the severity of the 2008 downturn means it should be dragged out for decades as the Depression was. Of course, the Depression was dragged out for years why? BECAUSE OF THE POLICY OF FDR, WHICH IS ESSENTIALLY THE SAME AS THE POLICY OF OBAMA: STAND BACK AND SPEW MONEY.