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Old 08-27-2010, 11:36 PM
 
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The GDP number is highly manipulated. I think there has been very little economic growth for most of the past decade. Financial engineering dosen't count either.
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Old 08-28-2010, 12:32 AM
 
Location: Alaska
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Originally Posted by NewToCA View Post
Savior no, however enough legitimate infrastructure projects along with associated training would certainly have been a help.

But that isn't how much/most of the stimulus money was targeted, which is part of the overall problem and causes me to agree with those not supporting Obama and/or Krugman.
He we have a $23,000 bridge crossing a creek 8 miles off the road in the back country that was paid for by the village idiot Your stimulus money at work for you.. oh, and don't forget the new toilet's in Denali parks restrooms
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Old 08-29-2010, 12:42 PM
 
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With Bernake quantive easing plan and him buying the treasuries then it's game over, just a matter of time. When the big banks get jittery and start dumping the US dollar and the treasuries for foreign currency then you know it's over for sure. The big banks will be trying to save themselves before the rush to dump the US dollar due to the loss of value.

Chairman Of Joint Chiefs Of Staff Says National Debt Is Biggest Threat To National Security | zero hedge just check out the chart of how much the Federal gov has bought in treasuries on the chart at the website.
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