Quote:
Originally Posted by The Demon
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.
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If the Obama administration had let it collapse when they took office it would of completely been blamed on Bush and the Republicans but by delaying it and pushing it further down the road Obama and the Democratic majority took ownership of the problem.
I cant believe their strategy of government spending to fuel the economy, cash for clunkers propping up GM etc, infrastructure improvements providing temporary jobs, surely he knew these were just bandaids over bullet wounds? How can they not know the numbers will fall off from their temporary fixes? Im not sure what they were trying to accomplish?