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

To: puborectalis who wrote (910523)	12/23/2015 11:58:28 AM
From: i-node	Read Replies (1) \| Respond to of 1573902

>> Eleven months after the fall of Lehman Brothers, the U.S. remains in a state of limbo. Proposals for stimulus packages and other bailout plans have provided some relief, but it seems the most effective remedy thus far has been time. Bush did what needed to be done before he left office, which was to plan and execute TARP. It saved the economy. Macroeconomic activities aren't like going to Walmart. It takes time for effects to ripple through the economy. When I was a young graduate student, my economics professor told the class, "Anything government does takes 18 months to have any effect." Now, it is likely that time is shorter than it used to be since everything travels faster. Obama made things worse by blowing a trillion dollars for which no value was received. Stimulus can work if it is properly targeted. But the target has to be for capital investment not consumption spending. Obama, being an economic nitwit picked off the street, didn't understand this fact. You never want to target consumption because it will not create growth. And there are serious doubts about whether fiscal stimulus, other than tax relief, can have much affect at all.