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

To: RetiredNow who wrote (136735)	9/2/2013 1:14:20 PM
From: tejek	Read Replies (1) \| Respond to of 149317

You are not getting your root causes correct. The root cause of the crushingly bad downturns are the effect of the Fed applying too much stimulus during the upturns. From where the hell did you learn your economics? There is little factual evidence out there that supports your thesis but year and year you cling to it like a drowning rat hanging onto a life preserver. The economy continues to be poor.......stimulus is needed. Its a good thing. Only a fool would stop the stimulus now. It's a rubber band. If someone pulls it very far away from you, it's going to hurt when it snaps back in your face. The economy is not a rubber band. That's a false analogy. This is the problem with Fed interventions. It's very hard to get right. We're better off responding to depressions with deficit spending (fiscal stimulus), than we are with monetary and interest rate (monetary stimulus) manipulations. The former help people get out the other side intact. The latter creates bubbles that will most certainly burst and leave people far worse off. The root causes of our calamities are not due to Capitalism. THey are due to Fed meddling and a laxity in enforcing regulations and laws and a slow erosion of good laws like Glass-Steagall. When there was no fed.........our recessions were worse than the one in 2008. Please learn some American history.