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royg1927

08/02/11 4:45 PM

#73505 RE: Barbados Shawn #73499

I think that the Gov't will Not let the markets fail or drop severely no matter what. They pull some stuff "out of the hat" to prevent this 2nd dip from manufesting.


I guess you are talking about the stock market along in here. But the question that arises is what is meant exactly by "fail or drop severely". I suppose we can stipulate that zero is excluded.

My previous post was mostly aimed at consequences other than the market, although, of course, the market can never be ignored in any serious discussion of national fiscal matters. What seems clear to me is that severe danger is at hand concerning our nation's ability to fund our government and discharge our debt obligations. Precisely how that relates to jobs and the rest of our economy is likely not surely known by anyone, including Nobel prize winning economists. The almost certain key question is "what can we do to get our economy going"? There is a resounding absence of a good answer. By "good" I mean an answer that is practical within available resources and agreed and accepted by a high percentage of the population.