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

To: puborectalis who wrote (657586)	6/3/2012 11:37:31 PM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1576022

>> “Did [the stimulus] help us in the short-run with health care and education and spending to balance the budget? Sure,” With the emphasis on "short run". You cannot spend a trillion dollars in the US over the course of a couple years without a short-run bump in the economy. And we saw it. But just as when Roosevelt stopped spending in '37 you got a "Roosevelt Recession", now we're getting an "Obama Recession" because the money is all spent out. What this told us as it pertained to the Depression and we're seeing repeated now is that government spending cannot end bad economic times. It merely puts it off until the government MUST stop spending because it can't keep printing money (or in our case, we can't afford to pay the interest on the debt). This is what happens when you have idiots trying to "manage" a global economy.