Replies to post #77248 on Intel Corp (INTC)

[mmoy]

"The president's plan will turn the economy to growth by year end."

This is difficult for me to see. There has been a massive amount of wealth destruction in the United States. Probably on the order of $7 to $15 trillion.

The stimulus bill, bank bailouts and TARP are small in comparison. It is not surprising to see unemployment growing as it is. I understand that there may be multiplier effects but I think that we'll need another two stimulus bills this year to turn unemployment around.

[Tenchu]

Sarmad, > Taxes were raised in spite of them, and the budget turned to massive surpluses

How long did that take? Surpluses did not happen immediately; in fact, they took years and only happened by controlling spending increases and rolling in the taxes from the dot-com boom. (Clinton also cut taxes for real estate later in his administration. So much for "counter-cyclical" tax policy ...)

What "boom" do you forsee in the next eight years? Policy does not create economic booms any more than Al Gore "creates" the Internet.

Tenchu

[sheriffbakanay]

Just what plan exactly?

The president's plan will turn the economy to growth by year end.

Are you counting a nationalisation of the major US banks as part of his current plan?

Because until the US sorts out its banks, there won't be any recovery till God knows when.