russ (Administrators; 2838)
Posted on: 06-16-2012 04:23.
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Those freshman senators rode in on a wave of reform and fixed everything the first chance that they got. We're still spending way more than we're taking in, so everything's great. Hell, the private sector is kicking so much ass right now, according to The One.
Eeyore Krugman should be fucking ecstatic right now, for the first time in his miserable fucking life.
Everyone I know of, including Krugman, we're annoyed and disappointed with that dumb bill.... It was written before the investigation was even complete.
I think Obama will go down in history as a terrible president for the way he cozied up to Wall St and basically changed nothing. Krugman also said the stimulus was not enough and that plus local government cuts would be highly likely to produce a double-dip which may or may not be happening now. So I don't see how having your predictions come true is some sort of indictment.
Government cuts don't magically have zero effect. Those layoffs mean more unemployed people unable to pay mortgages, whether employees or contractors the result is the same. It also has follow-on effects for vendors, etc. The private sector still has too much debt and is trying to pay it off. We are losing tons of productive capacity. And yet our interest rates are still fucking near zero. Yet idiots like you continue to cry chicken little about the debt. When, exactly, are we going to experience this massive hyperinflation you keep taking about? When is this magical confidence fairy going to magically bless consumers with more money in their pockets so they can spend and get our consumer-driven economy going again?
-- software dept
-- new member of the bourgeois
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