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Agilent Technologies, Inc. Message Board

  • bjspokanimal bjspokanimal Mar 5, 2013 1:04 PM Flag

    Re: "Kenyan socialist destroys US economy"...

    Pimco's Bill Gross remarked last month that our economy today takes 4 times the stimulus to produce a unit of GDP than it did a decade ago. I agree completely with the world's biggest bond fund manager.

    Today's "fiscal stimulus", as measured by annual "budget deficits" that are several orders of magnitude larger than ANY other deficits we've run in american history... is MASSIVE in scope. In prior economic recoveries, such fiscal stimulus would have produced SUBSTANTIAL GDP growth...

    ... whereas Obama's economic recovery has been the weakest such recovery in American History.

    Today's "monetary stimulus", as measured by a fed funds rate of 0% and un-precedented long-bond and mortgage buying (eg: "operation twist" and "QE3") is MASSIVE in scope. In prior economic recoveries, such monetary stimulus would have produced SUBSTANTIAL GDP growth...

    ... whereas Obama's economic recovery has been the weakest such recovery in American History.

    Yes, Virginia... Socialism does not work, and Obama is America's first, true, Socialist President.

 
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