...

 JB> Where all the hope and confidence in the child that was
 JB> elected president ?

 All hope and confidence in any president was severly damaged by
 the frat boy who just left the whitehouse.

 JB> In a time when the government should
 JB> be cutting spending and reducing taxes to bolster the

 Read Paul Krugman, and other economists. Or read the Journal of
 Economic Statistics, Aug 1938. snipurl.com/fdr1938

 It was cutting government spending that led to the downturn of
 1937, not increased government spending. Before 1937 the
 increased government spending led to an improved economy, with
 unemployment cut from 25% to 15%, industrial production rising,
 chain store sales rising, until the cuts in the New Deal
 spending in 1936, which led to the downturn of 1937.

 You have, in the past, talked about the FED squeezing liquidity
 as a cause of the depression. That happened in 1936. Just as it
 happened in the runup to the 2007 downturn.

 JB> private sector the liberal democrats pass that largest
 JB> single expenditure in US history and take spending to
 JB> levels never before seen.

 Acutually following the example of the Bush administration, and
 it's a desperation measure, to avert the possibility of another
 great depression.

 JB> The markets are right and BO is
 JB> learning on the job.  4 years may end up seeming like
 JB> eternity.

 Every president learns on the job, every single one. The markets
 you are talking about, the stock markets, have jumped at reports
 of increasing unemployment, and dropped at reports of declining
 unemployment. That isn't right for anyone but the market. People
 really don't live thanks to the stock market, more the supermarket.



BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

... Jesus was a liberal.  Live with it.
 * Silver Xpress V4.5/P [Reg]
--- Platinum Xpress/Win/WINServer v3.0pr5a