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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (113070)5/3/2012 8:24:57 AM
From: Road Walker  Read Replies (1) | Respond to of 149317
 
Japan did all the things we are doing now. 20 Years later, they have a 300% debt to GDP ratio and an abysmal economy, where the young people are either depressed and unemployed or looking for a way to get out of the country.




To: RetiredNow who wrote (113070)5/3/2012 1:08:33 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
If they keep rates low, then we won't crash, but it will be a slow grind with unemployment as far as the eye can see, mounting levels of debt that we'll never pay off, and a stagnant stock market that will lose 75% of its value over the next 20 years, just as Japan's did.

Once again, you show your lack of understanding of the general economic scenario. We are no where near Japan in a number of important ways.

First of all, Japan has a youth crisis...........Japan's population is contracting. Secondly, Japan allows few foreigners to emigrate to the country so that means its labor force is contracting. In fact Japan has a much lower unemployment rate compared to the US. Thirdly, the Japanese save more money than nearly any other first world country..........that allows the gov't to have higher debt but it really hurts Japanese consumption. And as Japan's higher production costs reduce the sales of the products produced in Japan to the rest of the world, employment growth has plateaued.

In other words the Japanese economy is stagnating. That's not the US's problem. Republicans are the US's problem.