Rofl "Idled"
You still believe in primitive long ago refuted Keynesian economics Bush-Odumba monetary inflation causes capital, including human capital, to be mis-invested. For example in speculative vacation homes. These aren't idled resources. These are wasted bad investments that have to be re-priced, often through foreclosure and bankruptcy, liquidated, sometimes physically, and re-allocated to where consumer demand actually wanted them before the government intervention creating fiat currency and depressing interest rates below where savings would have placed them. A bunch of bed and breakfasts on some over-built resort island aren't "idle" and in need of a bailout. They may actually need to be abandoned and dismantled with their copper wire and appliances sold to be used somewhere else. It isn't a problem of current insufficient demand to be cured by more inflationism. The problem is the bad investment caused by your previous inflationism On Tue, Apr 7, 2009 at 5:23 AM, James <[email protected]> wrote: > As the recession grinds on, more and more of the nation’s means of > production — its workers, its factories, its retail outlets, its freight > lines, its bank lending, even its new inventions — are being mothballed. > > This idled capacity, like baseball players after a winter off, takes time > to bring back into robust use. So even if the recession miraculously ended > tomorrow, economists estimate that at least three years would pass before > full employment returned and output rose enough for the economy to operate > at full throttle. > > While stock market investors have embraced tentative signs of improvement > in the mortgage market and elsewhere, even a sharp pickup in demand for > products and services will take considerable time to play out. > The mathematics are daunting. The shortfall is running at more than $1 > trillion in annual sales and other transactions. > > Rest Here: > http://www.nytimes.com/2009/04/07/business/economy/07capacity.html?_r=1&th&emc=th > > Who's idea was it to keep the fruits of labor at the very top and think it > would 'trickle down' to those who produce it???? > > > > > 'Hearts and Minds', "The ultimate victory will depend on the hearts and > minds of the people who actually live there." -- President Lyndon Johnson > > > > > --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
