On Fri, Jan 30, 2009 at 1:26 PM, Bob Calco <[email protected]> wrote: > http://tinyurl.com/a9ssl4 > > - - - -----------------
Well what is he so wrong about or right about? The Fed had already robbed the cradle long ago, so they were unable to effect any change with a change in their rate. So if the Fed can't do it and the general public goes into hunker down mode that is the root problem we have now, who else but the Government making job opportunity all over the place? I mean the rich have pulled a good deal of their money out of most investments, and are waiting on something to feel safe about right? I agree that the spending of Americans was way out of control. Now we have the flip side, if I don't need it I won't think about it. Goes to cars getting repaired now instead of brought in as a trade. Or bringing in the appliance repairman to fix that shake from the dryer/dishwasher that is making that noise instead of getting new ones. So all those people who made those products are in the cold or will be in a matter of time. :( If the Government can create a building project that rebuilds infrastructure, say we fix all those bridges that are about to fall, or install light rail and bicycle lanes over cites that have none of them? That could get people back to work who will in turn go back to the stores to buy other goods and services. -- Stephen Russell Sr. Production Systems Programmer First Horizon Bank Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
