New Obama plans: ‘spend our way out’ of downturn
Obama outlines new stimulus and jobs plan, says US must still ‘spend our way out’ of recession..[/quote]
Like Obama came up with that. That IS the predominate economic ideology of all of the economic academics in the banking industry and ivy league schools. Which all rotate in and out of washington and wall street, profiting nicely from all there policies. That is all they know.
The funny thing about this windfall is that it’s all printed money from Fed MBS purchases.
It’s like Ford not being able to sell a cars and coming and borrowing money when on the verge of collapse then the the government buying up all their products that the market does not want. Then announcing what huge profits they have and how they are paying back the .gov of all the money they borrowed, all while continuing to sell their products that nobody want to a government that all sit in a warehouse collecting dust. Of course, while taking huge bonuses in they interim off of selling overpriced products that nobody wants.
