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We have to bite the bullet and take our punishment so our grandkids don't have to. No stimulus, no bailout.
Punishment? What is this, some sort of divine retribution? We are unworthy sinners who must do heavy penance in order to redeem ourselves in the eyes of the great god of prosperity? Pardon me for saying so, but this is an absurd vision of the world...
They can just print more money. With more people arriving (35 million projected from 2000-2010) there was and will be people to spend it and send it home. Make jobs I think the debt thing is over rated...... The more debt we have the more dire we feel. Our generations sputnik....
There are many Americans and ecnonomists that prescribe a cleansing of this process, and NO MORE DEBT, no more FED bullcr*p.
Actually, there are few Americans and almost no economists who share your sense of ecstacy in anticipating some sort of approaching financial Rapture.
Quote:
Originally Posted by Dharmann
That's why Obama will inflate his way out of this mess, the same way GWB did after 9/11.
Well, let's see. The NYSE alone has shed better than $6 trillion worth of wealth, and the so-called stimulus package will put back at most $2 trillion. How is this inflationary again? Is your answer affected at all by the fact that virtually every other significant economy in the world has been/is/will be doing the very same sort of thing?
Actually, there are few Americans and almost no economists who share your sense of ecstacy in anticipating some sort of approaching financial Rapture.
Well, let's see. The NYSE alone has shed better than $6 trillion worth of wealth, and the so-called stimulus package will put back at most $2 trillion. How is this inflationary again? Is your answer affected at all by the fact that virtually every other significant economy in the world has been/is/will be doing the very same sort of thing?
Their beliefs already killed them out... Short lived CD life.
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Short lived CD life.
