It's the Economy, Stupid!

[LynahFan]

Re: It's the Economy, Stupid!

That's why the credit crisis wasn't a crisis. It was the crows coming home to roost on people who extended credit irresponsibly.

Everybody on the board of Lehman should be homeless.

Man I wish I could rep you.

 

[joecct]

Re: It's the Economy, Stupid!

Such liabilities are on paper only...the gov't could end SS and medicare tomorrow if they wanted/needed to. They aren't contractually bound by anything to keep those entitlements running.

Allowing the dollar to float is not the issue. Self-control is the issue. If Americans stopped buying everything and anything on credit, the dollar would regain its strength quicker than you could imagine.

True, but if they want to live for the next vote, they'll never kill those 2 programs.

 

[Bill]

Re: It's the Economy, Stupid!

How long before the government starts cranking up the printing presses even more to pay down our debt with cheaper dollars and big time inflation ?

 

[joecct]

Re: It's the Economy, Stupid!

How long before the government starts cranking up the printing presses even more to pay down our debt with cheaper dollars and big time inflation ?

After 2012.

 

[Plante26]

Re: It's the Economy, Stupid!

Everybody on the board of Lehman should be homeless.

Ditto for everyone involved with Fannie and Freddie, along with everyone that deterred the revamping of their credit policies.