Quote:
Originally Posted by $5 submissions
We've tried stimulus... Austerity looms in the future. It's already happening in Europe. Also, this downturn has hastened the outsourcing of more manufacturing jobs to China and elsewhere as companies try to make do with less. Even without a double dip recession, a JOBLESS RECOVERY is quite likely...
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Keynesian economics don't work, especially when the country is running historical deficits/debt. I don't know what Bernanke thought was going to happen with the bullshit stimulus and quantitative easing. Our economy has to collapse for another model to take hold, and I'm waiting for that. It's going to happen regardless so prolonging it makes Obama and BErnanke look like jackasses and makes the collapse even worse when it does happen.