lol, because they cut interest rates.... We're kind of experiencing the depression we should have felt then.
The stimulus is working fine. I am more worried about inflation and losing my earning power. I hope Bernanke starts raising interest rates in the 4th quarter, even in the face of increasing unemployment rates. The government will still be spending of money from the stimulus bill throughout 2010. Keeping interest rates below 1% is just begging for inflation.
wrong, the wealth generated during the nineties is real. microsoft, cisco, intel, dell, hp, so forth and so on. not to mention improvement in car technology, consumer products. its not the same do you have a counterpoint to the stock market more than trippling in the 90's as opposed to no growth in the 00's
Inflation isn't even registering on the radar screen right now. The consumer spending report last week was a real let down - consumers aren't spending, probably because they have no jobs, and those that do have jobs have a lot of insecurity about how stable their job is....so inflation seems silly to me. The smart folks are starting to get concerned about deflation, which is a worse problem.
was their real growth b/c of tech in the early 90's? Sure. But the last half of that decade was a bubble. and lol at America's "wealth." America is the world's largest debtor nation.
there already is tons of inflation. Its just all sitting in bank vaults. CPI doesn't measure that because it hasn't affected the economy yet. Until the fed goes in and burns all that money (yea right) I'm worried.
Did anyone see Michelle Malkin on ABC's ThisWeek suggesting that people will not go out and get jobs if the Stimulus provided extended unemployment benefits?
When you are sitting on your rear (probably in a FEMA trailer) collecting money from the government, then why lift a finger?
Actually, the tax cuts dramatically boosted the economy -- look at the growth that occurred prior to 2008. The credit crunch/subprime slime was in no way caused by tax cuts. Those two factors dropped the economy after that. Most respected economists agree that the tax cuts grew the economy -- that's really not in dispute. But in today's society of ignorance and uninformed voters, I'm not surprised that people would spout off falsehoods like you just did. It's too complex to fit on a bumper sticker, so it's unlikely to be grasped by the lower classes.
About the same as you suggesting that Obama was the reason for the economic downtown....before he was even elected; let alone inaugurated. Don't throw stones in your glass shack.
it pissed away Clinton's huge surplus before the Aug Congressiona recess, 1+ month before the 9/11 attack.
your claim is contradicted by economic and historical fact. W focused on tax cuts and cost reduction measure for small business. eight years of that policy brought us the following: net loss in job creation, unprecedented budget deficit, the housing bubble, the bankcruptcy of the financial industry, 36% drop in the DOWstupidity is repeating the same actions and expecting different results.
traitor of historica facts, you are clueless. W passed the 1+trillion tax cut bill on June 7, 2001. tax refund checks were mailed out on July 20, 2001.
first of all, what does fema have to do with unemployment benefits. please stay focused. secondly, i'm pretty sure people working at walmart get paid more than unemployment benefits.
