02-06-2009, 12:47 PM
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Club Cobra Member
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Join Date: Jun 2002
Location: Fresno,
CA
Cobra Make, Engine: Classic Roadsters, 351W -> 392
Posts: 1,086
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Not Ranked
Quote:
Originally Posted by cobra bill
The reason that our economy is crashing is no one is spending money, banks are not loaning money and people are afraid to spend when they don't know if they will have a job tomorrow.
The way to cure this is to stimulate the economy, the way they do that is spend money,
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Bill,
Don't read further, as it won't do either of us benefit,
but for anyone else, sans nevermind65.....
as respectfully as I can, there is so much wrong with this post.
Our economy is crashing because people spent money they didn't have. Banks aren't loaning cause they ain't getting paid back, cause the don't have any money (they already spent it).
Spending money frivolously without fiduciary responsibility has been the historical cause of every financial 'correction.'
The concept is called supply and demand.
I nearly tossed my cookies when Obama compared his plan to the "NEW DEAL."
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