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Magnum Hunter Resources Corp. Message Board

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  • rrb1981 rrb1981 Aug 7, 2011 6:21 PM Flag

    Guesses for Mondays open

    It isn't all Obama's fault and I don't think anyone is blaming him for all of this mess, but he has had a big part in the mess. Afterall, his defecits have been so much larger and govt spending is up 25% over the past 2 years.

    What I do know is that America has some real problems and they have to be solved. We cannot continue to support 10% unemployment rate. We have to put pro-growth policy in place. I don't know if repatriating cash to the US will have any impact, but it certainly can't hurt. Why not give it a shot, the US has nothing to lose because that cash wasn't coming back home anyway. With more cash sloshing around in the US, companies and banks can pay down debt, which makes the banks stronger which in turn allows them to make more loans.

    Like I said, it can't hurt to put some policies in place that will increase money velocity which usually helps stimulate the economy. Worst case scenario, the money ends up in the banks, as as we all know, the banks need to increase their capital reserves so that can't hurt....

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