Originally posted by: PIMPBOT5000
I think its incredibly funny how you people think the president has anything to do with the economy. If any of you people took economics you would know this!
You want a better economy? Then stop being cheap and go spend some money on that new car you've been wanting or buy that new vid card or processor you need! Thats how the economy will get better!
C'mon people you are smarter than to think the president is the sole person who steers the economy one way or another!
The old FED and spend more argument. I know all about it. It fusked a good man like Carter in the ass.
One ,no three, problems.
The cost of capital exceeds the return on capital "So where is the incentive to embark on a capital investment spree right now -- or in the near future?"
Without capital spending where are the jobs to spend all this money?
And If the hightech jobs as well as unskilled continue to make it's exodus to India and China where is the money to be spend.
Also unlike the 70's, consumer debt is crippleing the ability to spend, can Greenspan lower rates anymore? It was relativly easy when rates where 17% to lower them to 8% because NO ONE had much DEBT at those insane rates and could borrow with thier credit worthyness.
Is the economic rebuild of Iraq going to save the US? Is that what we are banking on here. More contracts for HAL, Betchel, etc, etc. Isn't that a drop in the bucket compared to the overall economy? Will those jobs be local or in Iraq, or perhaps even China (where stuff is made)?
I have far far far more questions than answers, but I am very concerend about what 20 years of "thinking in the now" has done to this country and what opportunities and debt my children will be greated to at 18.