“Recovery Bummer”

Discussion in 'Economy' started by Ragnar, Aug 8, 2010.

  1. Ragnar
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    Ragnar <--- Pic is not me

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    FT.com / US / Economy & Fed - Fed set to downgrade outlook for US

    Hot Air Rasmussen: Consumer confidence hits year-long low


    :(
     
  2. Howard Roark
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    Howard Roark Rookie

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    Wanna lay some of those gimmicks on us?
     
  3. Ragnar
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    Ragnar <--- Pic is not me

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    Well the "Stimulus Bill" would be the biggest and comes with it's own subset of strange gimmicks.

    "Cash 4 Clunkers" stands out as well, off the top of my mind. (small version of the same Keynesian failure that the stimulus will prove to be)
     
  4. Paulie
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    Paulie Platinum Member

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    I love the argument that inflation is low NOW, so it's ok to continue giving money away for free to induce "growth".

    As if somehow all this free money isn't going to come home to roost beyond the control of the Fed at some point in the future.
     
  5. Ragnar
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    Ragnar <--- Pic is not me

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    Crap, didn't see how close we were to Sunday Night Football...


    Quickly...

    [​IMG]

    Hot Air Chart of the Day: Cash for Clunkers


    And, since I just finished rereading The Law by Bastiat...

    [ame=http://www.youtube.com/watch?v=gG3AKoL0vEs]YouTube - &#x202a;The Broken Window Fallacy&#x202c;&lrm;[/ame]

    (be back later... sorry)
     

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