The pursuit of austerity measures and deficit cuts is pushing the world economy t

it worked by feeding a bubble. the stimulus and the effective purchase of toxic private debt by the respective governments has simply pushed the problem up the hill. at some point the problem must be dealt with.

you would be childish and naive to assume that there will always be good times - that the party would never end
 
wait, are you saying QE2 worked? the stimulus worked? whose nurabers are you looking at? or are you saying that the "dead cat bounce" was evidence that something worked?
 
of course the us economy is shattered.

but that is not a problem Barack Obama can solve.

he can only enact policy, not change the fundamentals of the consumer, productivity, worker skills, compensation etc etc
 
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