On Tue, Apr 12, 2011 at 11:28 AM, Gruss Gott <[email protected]> wrote:
> (1.) Austerity, i.e., cut government spending. You can sell stuff, > including your house, your clothes etc. That might help your balance > sheet but it doesn't do shit for growth. That is, it's going to be > real tough to find a job with no house and no suits. You rent. Good choice. > (2.) Credit. You borrow and invest: you buy new suits, get training, > go to school, etc. That is, make investments for growth with credit. This works if you're untrained or specifically trained and your factory gets shuttered. Right now most folks don't need to be retrained to flip burgers. They need Co's to have the confidence to hire. > Obviously the correct answer is #2. Rarely > The Europeans (Greece, Ireland, UK) have selected option #1. If that > was the correct option they should be booming now, especially Ireland. > Well ... they isn't. > > Now it's our choice. Still want option #1? Hmmm, didn't Ireland build their economy in borrowed money? Meaning they cut corp tax too low to bring in the business. You know like #2 and now the bill is due and they can't pay it so they are borrowing money again as in #2. When did Ireland do the #1 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336218 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
