Economy

[halogamer1989]

akuma587 said:
The dollar is deflating. Economists are more worried about this than the potential effect any stimulus will have on inflation. It would probably be a GOOD thing if the dollar started inflating again because it would mean that aggregate demand was picking up.

And if you were so worried about inflation, why weren't you riding Bush's ass for the last eight years for running deficits like a kid with a stolen credit card? That caused far more inflation than anything Obama has done or will do.

I do agree that there is a lot of bad blood in the banking system and some of them could probably go. But the cause of this recession has been abnormally targeted at banks, so going through with the TARP was a great idea (although certainly could have been better executed) on Bush's part. I stand by his decision. The banking sector is one thing you don't just let go by the wayside. That is how you cause a depression.

And once the economy starts to recover you will see bank socks soar. Ironically, we will probably end up making money off the TARP (offset to some degree by the interest on the money we had to borrow).

I disagree with former President Bush's increases in federal gov't.  Some was essential however b/c of 9/11 and incoherent intel structure.  I agreed with him on defense and moral values, not increases in spending.  The less gov't, the better.