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  1. #11
    REGROOVABLE

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    Default Re: The stimulus didn't help

    FWIW, last fall I took a class and the econ. prof. was of the opinion that the stimulus did help. He felt it did keep us from another depression. However, the same problem that plagued FDR's attempts, hampered our current president. The theory is (part of macroeconomics) massive deficit spending is required to halt the downward slide of the economy and turn it around. FDR was unable to spend enough, until WWII, and BHO is similarly limited by congress and the public opinion.

  2. #12
    Proud To Be a Teamster

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    Default Re: The stimulus didn't help

    The stimulus helped me! I modified my mortgage, in which I was in forclosure. And now we are in the process of modifying it again! None of this would have been possible without the stimulus! We can now stay in our house!

  3. #13
    I Am Rocking Now

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    Default Re: The stimulus didn't help

    Quote Originally Posted by Hondo View Post
    FWIW, last fall I took a class and the econ. prof. was of the opinion that the stimulus did help. He felt it did keep us from another depression. However, the same problem that plagued FDR's attempts, hampered our current president. The theory is (part of macroeconomics) massive deficit spending is required to halt the downward slide of the economy and turn it around. FDR was unable to spend enough, until WWII, and BHO is similarly limited by congress and the public opinion.
    Thats Crazy. No one or company or country has ever spent itself in to prosperity.
    Todays problems were directly created by congress by over regulation not under. Gov use of the (CRA) Community reinvestment act and Gov Owned Fannie and Freddie.
    As for Deficit spending we will be enjoying higher intersect rates like Jimmy Carter days to pay it off in the near future.

    The fact is that neither political party, and no administration, is blameless; the honest answer, as outlined below, is that government policy over many years caused this problem. The regulators, in both the Clinton and Bush administrations, were the enforcers of the reduced lending standards that were essential to the growth in home ownership and the housing bubble.link

 

 
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