November 1, 2009

Obama Plays Fast and Loose With the Economy


"the bond market is petrified that Washington will continue to make shameless decisions on the federal deficit that would embarrass even the strongman of a banana republic."

"'quantitative easing' -- a fancy phrase for simply printing money to pay one's bills."

"The Obama administration likes to talk about the urgency for reducing the deficit. But this can't be done just be mouthing the words; the brain has to also be involved. And continuing government subsidies for every person and company under the sun is brainless."

http://www.nypost.com/p/news/business/housing_stimulus_without_ballooning_EW4sUi0ISpmk0M0A8eC9aN

Housing stimulus without ballooning the deficit
John Crudele
New York Post
Last Updated: 3:26 AM, October 29, 2009
Posted: 1:05 AM, October 29, 2009

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