Re: Fact finding trip to Las Vegas

On Feb 14, 8:32 am, NomenNeisco <nob...@xxxxxxxxx> wrote:

i agree to
de govement be mired in
debt and obama be puttin
it even deeper in de hole

Very clever! This is the current spiel of the conservatives who ran
up the debt during the last 8 years. Of course, as most economists
(and finance majors like myself will tell you) it is precisely the
government's duty to stimulate the economy in a time of recession
since they are the spender AND hirer of last resort when consumers and
businesses are too scared to spend. The country would be in much worse
shape and more jobs would've been lost if Obama HAD NOT put thru his
$800 Billion stimulus plan. As the economy recovers, govt. tax
receipts will go up as people find jobs and start payin' taxes again
and the debt can then be paid off. Of course you won't hear that on
Faux News and most Americans are woefully lackin' in an understandin'
of basic economics so they will be scared silly until the affects of
the recovery plan are abundantly clear later this year.
.

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