OK, the Fed made a pre-emptive move that "rescued" the falling markets; but they've opened the door to the potential disaster of runaway inflation AND downturn...and Bush's "stimulus" package would be great *if*:
1. People SPEND THE MONEY ON GOODS and not pay down credit debt or hike savings.
2. We get the money TODAY, not in June!
Anyway, they're both acting like they could stop/delay the recession by throwing money at it. The only real solution is increased government spending on infrastructure, but Bush & Congress are not likely to go there. Watch for more economic turmoil by election day!
Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts
Friday, January 25, 2008
Friday, January 18, 2008
Stopping the Freight Train with a Brick
Bush gabs about an economic stimulus package...soonest it could be implemented is JUNE.
Too little, too late; and some say counterproductive (like the Federal Reserve rate cuts to
be made on Jan 30th).
====================
Fortune magazine poll of 1000 wage earners says over 3/4 see the handwriting on the wall:
Which of the following best describes the country's economic condition right now?
In an economic recession right now.......................19%
Heading into a recession in the next 12 months...57%
Not in a recession and not heading into one.........19%
No Answer/ Don't Know........................................... 5%
Deef's opinion: Recession Probability CERTAIN - UNDENIABLE - REAL - NOW
Too little, too late; and some say counterproductive (like the Federal Reserve rate cuts to
be made on Jan 30th).
====================
Fortune magazine poll of 1000 wage earners says over 3/4 see the handwriting on the wall:
Which of the following best describes the country's economic condition right now?
In an economic recession right now.......................19%
Heading into a recession in the next 12 months...57%
Not in a recession and not heading into one.........19%
No Answer/ Don't Know........................................... 5%
Deef's opinion: Recession Probability CERTAIN - UNDENIABLE - REAL - NOW
Labels:
economy,
Federal Reserve,
rate cut,
recession,
stimulus
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