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Banks are buying t bills at record levels with that money, and we all know from listening to liberal kooks that money to the government stimulates.. Heck, we've learned that money to the government stimulates more than a 1 for 1 ratio, so using that argument, we should be growing around 15% a year
I'm going to ignore you again, since you obviously didn't even read what I wrote. Banks are sitting on the money, in part, because they earn interest. Blah.
I'm going to ignore you again, since you obviously didn't even read what I wrote. Banks are sitting on the money, in part, because they earn interest. Blah.
No **** they earn interest on the money, thats why they are buying t bills with it
Banks by design dont earn interest by SITTING on money.. If you think they do, then you need to return to 3rd grade.
I'm pretty sure that people new by September that the government was shutting down October 1st, and started preparing for it. I dont know, call me a realist, but I dont think it came as a shock to anyone that it was scheduled.
The OP stated that third quarter growth was proof that shutting down government spending (which hadn't happened yet) didn't lead to recessions.
The OP was out to lunch in this one; timing's off.
I think the main story is the recovery of housing, and the rising market increased the "wealth effect" releasing some pent up demand for housing and other items. The sequester effects were a drag, but small in comparison to the massive effect of the first two factors.
The OP was out to lunch in this one; timing's off.
I think the main story is the recovery of housing, and the rising market increased the "wealth effect" releasing some pent up demand for housing and other items. The sequester effects were a drag, but small in comparison to the massive effect of the first two factors.
Wingers in this thread need to make up their minds- are they trying to claim credit for the Obama economy in 2014, or try to say it sucks?
See what happens when government get's out of the way? See what happens when there's a government shut down?
I think we can put to rest the left fallacy that cutting spending leads to recession. I think it's time for that 10% haircut across all departments that I think everyone can agree on...
Huh. This congress as passed more regulation than any of the recent congresses. perhaps better stated in spite of government. Then that isn't that good at all; should be double. but that is true as it was last year in several regions of 8%+ GDP growth.
This is one of those threads that's made for arguing for the sake of argument
If we have good economic activity, I don't give a damn who is responsible.
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