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  • hlchlc1234 hlchlc1234 Feb 25, 2009 3:18 PM Flag

    Consumers Will Not Be ready To Buy For Years

    If I were president my first act, by presidential decree, would be to furlough congress for four years. That way NOTHING would get done--which is just what we need to happen. That way the economy would cleans itself through bankruptcy and we would then get off to a fresh start. The longer congress meddles and tries to prevent bankrupcies the longer we stay in recession. Roosevelt and congress actually prolonged the depression by five years with all their programs designed to shorten it.

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    • hlhc:

      There was a huge bubble created. The economy is set to service that bubble and therefore the unemployment could soar to a million per month because the bubble portion of the economy was vaporized.

      That would have caused another great depression.

      World War II effectively ended the depression. The Obama spending is emulating the WW II. My beef is not the spending, but where to spend.

    • hlch

      There's a difference between the consumers and consumer stocks.

      Consumer companies will benefit from the increased dollars placed in consumer hands. Consumers, because of the increased dollars will allocate a little more for debt reduction and a little more for purchases.

      More than 250 million consumers times an extra $10 per consumer per week = AN EXTRA $2.5 BILLION dollars EXTRA spending PER WEEK....enough to triple the price of some consumer stocks.

      Amazing how simple arithmetic opens one's eyes.

 
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