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

To: bentway who wrote (805713)	9/8/2014 5:48:14 PM
From: Tenchusatsu	3 Recommendations Recommended By i-node PKRBKR TideGlider Read Replies (3) \| Respond to of 1574097

Bentway, What Reagan inherited was a DELIBERATE RECESSION, and an economy already on the mend, due to Paul Volker's raising interest rates, which Reagan wisely continued. A "deliberate recession" caused by the massively failed economic policies of the Carter Era, which led to stagflation and the repudiation of inflationary Keynesian economics. A "deliberate recession" that will pale in comparison to what happens when the bubble economics that Obama and the rest of the world (Japan, EU, even China) is pursuing finally bursts. But hey, why worry when the stock market is making new highs? As long as you sell at the top (like what Bill Clinton did politically), you're covered ... Tenchusatsu

To: bentway who wrote (805713)	9/8/2014 5:54:47 PM
From: i-node	3 Recommendations Recommended By FJB PKRBKR TideGlider Read Replies (1) \| Respond to of 1574097

>> it's universally recognized that the Bush Lesser Decpression that he handed to Obama on taking office, was the worst economic calamity since the Hoover Great Depression. No, it isn't "universally" recognized. >> Current recession10.1% (U3 unemployment October 2009)17.4% (U6 unemployment - includes discouraged and underemployed October 2009) Actually, 10.0% in Oct 2009. In 1982, the recession inherited from Carter, unemployment reached 10.8% and was over 10.0% for 10 straight months. You can't just go by whatever people say. Because most people don't remember what happened 30 or more years ago; they don't remember how bad it was.