Quote:
Originally Posted by Sea Dangles
He jumped the shark when he bailed out Wall St. and it has been downhill since then. This is going to get worse....
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Bush bailed out Wall Street and if Romney was president then he would have bailed out Wall Street as well. I would have, you would have. There was no choice.
What makes the economy work is a mix of supply and demand. High household debt and stagnant wage growth in the Middle Class is a massive part of the overall problem that have killed demand one the artificial credit bubble was removed.
You don't counter this simply by artificially increasing supply. Government spending is part of GDP after all and programs to help the unemployed or poor do go right back into the economy. If you cut spending too fast you risk weakening the foundation while you remodel the upstairs.
-spence
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