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Recession! How bad will it be?
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[QUOTE]Originally posted by glassman: [QB] [QUOTE]Originally posted by CashCowMoo: [qb] U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey. economists' main criticism of the Obama team centered on delays in enacting key parts of plans to rescue banks. "They overpromised and underdelivered," said Stephen Stanley of RBS Greenwich Capital. "Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyone's head." http://online.wsj.com/article/SB123671107124286261.html [/qb][/QUOTE]which way do you want it cash? do you want bailouts? or don't you? of course WSJ people are complaining... they wanted MORE money than they got. they want all the money they can get and they want it NOW... the GOP on the other hand wanted no money given out or so they say in public anyway ;) if they were in control? they'd be giving it out directly to the corps. with no strings attached like paulson did... at least Obama has put some (very few) rules in place... these same econonomists? [b]The economists, many of whom have been continually surprised by the depth of the downturn, also pushed back yet again their forecasts for when a recovery would begin[/b] didn't even predict the crash... [/QB][/QUOTE]
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