EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
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In sum, he simply says there is a lack of demand causing this depression.
The lack of demand, he says, came from the housing crisis and its direct ramifications
His solution is to create demand to fill the void with government spending. In particular he wants to hire teachers and other government loafers who have been laid off or not hired.
This is pure idiotic liberalism because:
1) it does not provide for healing the housing free market that liberals screwed up with Fanny Freddie Fed CRA, FHA, HUD etc etc
2) creating artificial demand in another area (education) merely creates a mal investment bubble exactly like the housing bubble that will burst and cause yet another recession.
The lack of demand, he says, came from the housing crisis and its direct ramifications
His solution is to create demand to fill the void with government spending. In particular he wants to hire teachers and other government loafers who have been laid off or not hired.
This is pure idiotic liberalism because:
1) it does not provide for healing the housing free market that liberals screwed up with Fanny Freddie Fed CRA, FHA, HUD etc etc
2) creating artificial demand in another area (education) merely creates a mal investment bubble exactly like the housing bubble that will burst and cause yet another recession.