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To: JACKRUSSELL

Sorry Ted but if the government lived within it’s means we would all be living in little self sufficient enclaves, I know a wondrous concept around here.

Growth in spending multiples throughout the economy. Government spending was done this decade to ward off an economic depression where commodity prices crash and crash and crash because noone can spend because noone works. A rising tide lifts all boats. I am sorry but some people have no business discussing macro economics.


22 posted on 02/03/2008 8:53:33 AM PST by kinghorse
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To: kinghorse

You can’t lower rates below zero, well you can but it’s silly, and the Fed brushed up against zero before doing 16 or however many hikes. That shows how bad off we were after the market crash and 9-11.


23 posted on 02/03/2008 8:55:26 AM PST by kinghorse
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To: kinghorse

Yeah! And furthermore, 600 dollars is an insult. What can I buy with 600 dollars? A car costs thousands. A nice car costs 30,000+. I want the government to send me enough money to REALLY lift some boats!


25 posted on 02/03/2008 8:58:30 AM PST by live+let_live
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To: kinghorse
Government spending was done this decade to ward off an economic depression where commodity prices crash and crash and crash because noone can spend because noone wor

Complete and utter bull****.

L

26 posted on 02/03/2008 9:03:05 AM PST by Lurker (Pimping my blog: http://lurkerslair-lurker.blogspot.com/)
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To: kinghorse

Nugent rocks out at Gibson Custom Shop 10th anniversary party with his "White Buffalo" custom Byrdland.

Same gig, vintage Byrdland.

Stars and Stripes Les Paul used on his recent support the troops tours of Iraq.

With flag.

Micigan born, Southerner by disposition?

28 posted on 02/03/2008 9:12:44 AM PST by Jack Black
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To: kinghorse; xcamel
There's a major difference between a spike in generic consumption spending and a spike in spending on capital goods. The former, if the ''money'' is just printed (as in this case) is nothing other than inflationary. The latter, under the same assumption, **might** see enough growth from investment to repay the effort. No guarantee, though.

To alter Mr. Reagan's metaphor slightly: 'A rising tide lifts all boats', provided the water in the tide isn't wildly corrosive.

The US, candidly, needs some sort of recession in order to flush out the excesses now embedded quite thoroughly in the economy. The CDO/SIV mess helps, in the longer term, no matter that there's some short-term pain.

All the political class are doing with this loony ''stimulus'' scheme is attempting to mask a structural illness with a high fever.

51 posted on 02/03/2008 10:39:35 AM PST by SAJ
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