The deep end of the pool does not exist at this time.
This is printing cash and incurring public debt to be paid in the future.
“It’s like taking a bucket of water from the deep end of a pool and dumping it into the shallow end.”
WOOF - 10:02pm on 02/13/2008
WOOF,
My congratulations! Quoting Professor Roberts is no small or insignificant feat. Just be sure the portside prattlers don’t find out what, and who, you’ve been reading lately.
Bat One - 10:02pm on 02/13/2008
LOL, Woof…
Great blog rob…
goon - 10:02pm on 02/13/2008
It always comes down to spending. Stop the wasteful spending(social engineering schemes and entitlements) and the problem is solved.
robert108 - 11:02pm on 02/13/2008
A one-time check from the government doesn’t do much of anything. But the checks soon to be mailed out sure make it seem like the politicians are “doing something” about the economy.
You nailed it Rob.
MikeAdamson - 07:02am on 02/14/2008
There IS no recession!
Bat One - 07:02am on 02/14/2008
I would love to hear a liberal’s definition of a recession and defense of these recession claims.
HG - 09:02am on 02/14/2008
Like “conservatism”, “recession” is very much in the eye of the beholder. This guy thinks yes as does this fellow. Arthur Laffer thinks so too although he’s definitely not a liberal so I shouldn’t count him.
As far as the technical definition goes, I suppose we’ll have to wait another quarter or two for the definitive word.
MikeAdamson - 09:02am on 02/14/2008
Like “conservatism”, “recession” is very much in the eye of the beholder.
I think it would be more accurate to say “recession” is in the mind of the party which stand to gain politically in the nearing election cycle. The media has been using the term for about 6 months now. That could paint a distorted picture and result in a “recession” as you define it before one acutally exists and may lead to an actual recession.
HG - 10:02am on 02/14/2008
I think the term is used as political fodder but, OTOH, I’m not so sure that Laffer, Gartner and Rosenberg are thinking necessarily along those lines. That doesn’t mean they’re right of course but it does suggest that not everyone who believes the recession has started is a liberal.
The deep end of the pool does not exist at this time.
This is printing cash and incurring public debt to be paid in the future.
WOOF,
My congratulations! Quoting Professor Roberts is no small or insignificant feat. Just be sure the portside prattlers don’t find out what, and who, you’ve been reading lately.
LOL, Woof…
Great blog rob…
It always comes down to spending. Stop the wasteful spending(social engineering schemes and entitlements) and the problem is solved.
You nailed it Rob.
There IS no recession!
I would love to hear a liberal’s definition of a recession and defense of these recession claims.
Like “conservatism”, “recession” is very much in the eye of the beholder. This guy thinks yes as does this fellow. Arthur Laffer thinks so too although he’s definitely not a liberal so I shouldn’t count him.
As far as the technical definition goes, I suppose we’ll have to wait another quarter or two for the definitive word.
I think it would be more accurate to say “recession” is in the mind of the party which stand to gain politically in the nearing election cycle. The media has been using the term for about 6 months now. That could paint a distorted picture and result in a “recession” as you define it before one acutally exists and may lead to an actual recession.
I think the term is used as political fodder but, OTOH, I’m not so sure that Laffer, Gartner and Rosenberg are thinking necessarily along those lines. That doesn’t mean they’re right of course but it does suggest that not everyone who believes the recession has started is a liberal.