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The Stimulus Didn't Work[Six Months After, We Can Look And See What Actually Happened]
The Wall Street Journal ^
| SEPTEMBER 17, 2009
| By JOHN F. COGAN, JOHN B. TAYLOR AND VOLKER WIELAND
Posted on 09/19/2009 5:08:14 AM PDT by Son House
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To: Son House
The reason the pce's dropped like a rock is because people were still reeling from the 2x to 3x utility and fuel bills they had just received and were hoarding money out of fear that the prices would continue to skyrocket. IMHO, that is what started the whole economic collapse. People simply not knowing what it was going to cost to heat their homes and fuel their cars in the coming winter. Consumer confidence still has not recovered from that.
21
posted on
09/19/2009 8:00:27 AM PDT
by
TruthBeforeAll
(Honesty is like a knife... Used without love, it can do a lot of harm.)
To: calico_thompson
Yep, it wouldn’t be passing tax and spend legislation producing bad economic data to analyze
22
posted on
09/19/2009 9:58:24 AM PDT
by
Son House
(President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
To: GOP_Party_Animal
[There will be a recovery (it’s happening very slowly) and what conservatives need to do is have an argument ready to deny the credit to Hussein.]
I wouldn’t worry about explaining that recovery, the next wave of the bank collapse will hit sometime in the spring.
23
posted on
09/19/2009 10:28:34 AM PDT
by
FastCoyote
(I am intolerant of the intolerable.)
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