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2009-02-10 Home Front Economy

Why Obamas new Tarp will fail to rescue the banks

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Posted by tipper 2009-02-10 14:50|| || Front Page|| [2 views ] Top

#1 The One warned in his speech to the nation that the economy would lose about a trillion dollars worth of demand this year and a trillion dollars of demand next year given the contraction in the economy?

Given the current GDP, wouldnt that be close to back-to-back 10% economic declines?

Isnt that the most common definition of a textbook depression?

Just saying....

Posted by Besoeker 2009-02-10 20:20|| 2009-02-10 20:20|| Front Page Top

#2 He's fanning the flames to create panic which is the quickest way to take total control. He's already bucking the Constitution to take control of the Census. Welcome to the time of the Non-Person.

Posted by Deacon Blues 2009-02-10 20:28|| 2009-02-10 20:28|| Front Page Top

#3 Can't be a non citizen when you're armed, whatever is said, weapons make men(Women)free.

Posted by Rednek Jim">Rednek Jim 2009-02-10 20:39|| 2009-02-10 20:39|| Front Page Top

#4 RJ is right. And it's getting closer.

Posted by Hellfish 2009-02-10 20:49|| 2009-02-10 20:49|| Front Page Top

#5 Gee, I can think of something the gov can do that will keep several hundred billion $ in the country. Let the money circulate a few times in a year and there is your trillion $ worth of demand.

Posted by ed 2009-02-10 22:24|| 2009-02-10 22:24|| Front Page Top

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