Posted on 03/20/2009 8:37:56 AM PDT by Jack Black
Edited on 03/20/2009 10:38:53 AM PDT by Admin Moderator. [history]
He writes:
“The economy is deflating. We can see the deflation in the CPI and PPI numbers, not to mention home prices.”
Say what?
Core PPI is up 0.6% in the last two months.
Core CPI is up 0.4% in the last two months.
Oil prices are up 20% in the last three weeks.
And, home prices are deflating?
No surprise there.
We built 4 million homes for “buyers” who couldn't afford to pay for them.
That's called an inventory glut.
The only way to work off an inventory glut is to cut prices.
Errrr ... “trillion”, not “billion”, right?
That’s what I’ve been thinking: Why are stocks rallying in the face of this, and Oil going to $52?
That Oil’s on the rise is proof that printing the Trillion is causing the price of a BBL to go up. Demand isn’t driving it, that’s for sure.
dddddddddddddduh! Trillion not Billion !!
marker
You understand this collapse means ATMs will be off-line and teller windows marked “Closed”, right?
So how is that working out?????????
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I doubt that McCain would have done much better, he knows nothing of economics, he very well may have put forth a similar stimulus plan and definately would have continued following Bernake and the FED over the cliff...
Obama and Co being wrong doesn't make McCain right. It isn't either/or.
McCain was for the massive bailout, and more. As the momentary captain of the Republican ship, McCain steered the entire ship straight for the rocks. How will it ever get back on track?
McCain was quite vocal in being for the previous bailout of Bear-Stern.
McCain was for an even larger bailout of upside-down mortgages than actually passed.
It isn't somehow better when it is our side proposing idiotic plans.
It is worse.
How do the Republicans set about even beginning to convince America that they are against this sort of garbage, when they lapped it up as long as it was coming a guy with an R next to his name?
Any thoughts? (ONLY if you have time, of course). Thanks.
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