Straight from the South Seas

Straight from the South Seas
Retired Expat living the Philippines

Augustus Summerfield Merrimon

This Blog is dedicated to my great-great-grand uncle who was a Democratic US Senator from the state of North Carolina between 1873 and 1879.

Friday, September 3, 2010

Krugman: Let congress pass another 800 billion stimulus package

Guys, Stimulus did not fail it helped keep the economy afloat for the past two years. Now that money has run out, and everything is falling back into the pit it was in. I don't think there is any other solution other than to do another bailout. Yes, the bottom will fall out eventually, but it’s so far gone now that we can't fix it. So all we can do is last as long as possible. The next bailout might last us another 2 years. Either way, the economy is doomed it’s just a matter of when. They played with the numbers for the last two years? And manipulated the stock market and did all sorts of tricks with the FED to make believe in a “recovery” when it is absolute bullshit from the start. And yes the bailouts did too fail, and miserably failed…


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