View article at its original site
Showing comments 1—9 of 9
Posted 11/24/08 07:24 AM edmyster81 Buffalo, NY | More "change" America will have to pay for? No thanks. |
| Posted 11/24/08 08:00 AM smashysmashy dover, NH | Here is an excerpt from the Obama 2008 Dictionary
Change –adjective 1. identical with what is about to be or has just been mentioned: This street is the change one we were on yesterday. 2. being one or identical though having different names, aspects, etc.: These are the change rules though differently worded. 3. agreeing in kind, amount, etc.; corresponding: two boxes of the change dimensions. 4. unchanged in character, condition, etc.: It's the change town after all these years. |
Posted 11/24/08 08:22 AM FillBax Linwood, PA | FTA (Last Paragraph):
"The 1930s recession became the Great Depression because policymakers didn't take the necessary actions. Nobody wants to make that mistake this time around," said Jared Bernstein, a senior economist at the Economic Policy Institute who has been advising Democrats. "Is there a possibility that we could overshoot? Of course. But from what I've seen, the danger is not doing enough." LOL They took plenty of action in the 30s that's why the depression lasted so long. How can these people be so clueless? Their thought process must be: If easy money caused this mess, than easy money can fix it! |
Posted 11/24/08 09:57 AM sweetliberty San Rafael, CA | How is handing out Monopoly money going to stimulate anything besides riots? |
| Posted 11/24/08 10:47 AM ifc69 Midland, MI | For once congress is listening to it's constituents. Unfortunately they are the same constituents that were saying the government should spend the $850 billion on them instead of the banks.
Serenity now!!! |
Posted 11/24/08 7:45 PM Restore America fairfield , IA | I think I'm going to vomit... |
| Posted 11/24/08 10:03 PM Mikebuh North Smithfield, RI | Is this a joke? |
Posted 11/25/08 07:34 AM LizLiz Brooklyn(or Cresco,PA!) , NY | bad dream.... bad dream.... bad dream.... *taps ruby(silver) slippers together* |
| Posted 12/09/08 1:30 PM jbo5112 Kansas City, MO | "It would also be one of the biggest public spending programs aimed at jolting the economy since President Franklin D. Roosevelt's New Deal."
I thought the New Deal was $500 billion, which (assuming my math is correct) is less than $700 billion. "In an interview, Schumer said the nation is on the brink of the same kind of deflationary spiral that pushed down prices, closed businesses and obliterated jobs during the Great Depression. "'The economy is in worse shape than people think,' Schumer said. 'The safest thing is to do anything you can to avoid deflation.'" Well, if avoiding deflation is something we must do anything we can to avoid, then we're on the right track. Currently CPI changes over the last 3 months show 7% inflation. However, I don't think double-digit inflation is good for double-digit unemployment. "Washington also could overshoot its target, sparking rampant inflation when the economy recovers. Or the money could be poorly directed and fail to efficiently stimulate the economy." I think the could ship has long set sail. |
You must be a member to post comments. [Become a member]
