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Re: shermann7 post# 89480

Saturday, 11/30/2013 10:02:52 PM

Saturday, November 30, 2013 10:02:52 PM

Post# of 122343
no, shermann, quite the opposite .. lack of public and private spending and investment .. public and private saving more because this depression was not a normal economic overheating business cycle recession where inflation increases and Fed raises interest rates to kill it so then recession, as in the early '80's .. the latest recession was a financial asset explosion and bust, leading to an asset price collapse .. so public and private saved/are still saving instead of spending .. GOP austerity policies, of course, added to the House GOP Caucus Room Restaurant decision to oppose every bill Obama puts forward .. so job bills .. poop .. GOP austurity policy which long before had proved to fail .. still in spite of the conservative maybe even treasonous behavior the US recovery puts Europe's to shame .. in spite of ..


It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

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