On Fri, Apr 22, 2011 at 2:35 PM, Gruss Gott <[email protected]> wrote: > > I'm with ya. Cut the Obama spending. Totally agree. I think where > we disagree is on asset prices and "encouraging business". > > Housing still needs to drop about 50% and that ignores all other asset > prices which also need to drop.
Most cities hit bottom already > Further, we can encourage business all we want but who are they going > to sell to? > > Americans? no, they're broke and their asset prices are falling so > they'll wait and save. Europeans? No. Asians? No. So there really > isn't any there there. Americans, they do have money saved. The problem is the unemployed are suffering and the people that have jobs are doing fine but are saving now for rainy days and to make up for lost investments in housing. > And with no buyers business growth certainly isn't going to be 10%. > And, as you pointed out, they only pay 10-15% taxes anyway. I'm not talking shovel ready, I'm talking long term investments in business. > There's no other option: We gotta take a hit. and it's either a short > term hit or a long term one. Back out that ridiculous Health Care bill that nobody wanted. > Now the smart way would be to raise taxes, cut spending, fix the > budget in a few years and then re-boot. Raising taxes during a recession is the worst thing you can do. > The dumb way will be to walk the line of crisis until eventually one > occurs which is what we're doing now. We are not walking the line, we've crossed it and full steam ahead. A recession is when your neighbor loses his job. A depression is when you lose yours. A recovery is when Obama loses ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:336680 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
