President Obama and the Economy

Posted by billspaced | 10:36 PM | 0 comments »

Just saw part of President Obama's press conference...the guy has his head on straight where the economy is concerned.

It's like he took some basic econ in his college coursework! Now, if only members of Congress actually lived in the real economy, we'd get something done.

Don't forget that the economy back in the '30s actually had a few false starts, then spiraled down deeper than the last cycle. It could happen here, though I think there are other factors at play this time around.

Bottom line: If Consumer spending and Investment are down, Government spending must go up a concomitant amount just for zero growth.

Republicans: Read that last sentence twice, starting at Bottom line!

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