July 15, 2010

Obama Deters Economic Growth

[From article]
"Banks can make money easily because of the Federal Reserve's low interest rates, but they're not making many loans. Major corporations are sitting on something like $2 trillion in cash, but they're not investing.
[. . .]
People seem to be following this investment strategy: 1) Go to Mattress Discounters and buy the biggest mattress you can find. 2) Take it home, and stuff all your money in it. 3) Lie down, and get some rest.
[. . .]
Instead of stimulating the economy, the Democrats' policies have shocked it into immobility.

http://www.nypost.com/p/news/opinion/opedcolumnists/stalled_by_stimulus_nZpeLkb4qLDw3njLPIzgZL

Stalled by stimulus

Obama's economy-killer

Last Updated: 10:48 AM, July 12, 2010

Posted: 12:53 AM, July 12, 2010

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