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


To: tejek who wrote (115354)6/14/2012 1:24:46 PM
From: mel221  Respond to of 149317
 
>> For all our complaints that Congress is not doing anything of value, it could be that the US and the world has come to an economic inflection point that is extremely difficult to resolve.

Interesting observation on your part. I have believed this to be true for several years.

However, one cannot believe this and still think Keynesian solutions are the answer.

What we are witnessing is what happens when you run of of other peoples' money... and we have only just started.



To: tejek who wrote (115354)6/14/2012 2:06:21 PM
From: Road Walker  Read Replies (1) | Respond to of 149317
 
Only by solving the root of Europe’s problems, she said, by strengthening political unity, will the region be able to recover fully from the crisis. She cited the massive debt and the lack of competition in the weaker economies of the union.

None of these folks want to admit whats seeming more obvious to me every day... that the Euro is a failed experiment. They has a program to phase it in... maybe a program to phase it out?

The banks would certainly take a bath...