Things seem to be slowing down again in the construction industry
Posted 26 February 2013 - 09:17 AM
If we hit another recession, what steps can we realistically take? The fed could double down it's bond purchases, I suppose, but the law of diminishing returns is really starting to take hold on the fed's current course of action. The fed's balance sheet is at all-time highs and increasing every month, and yet the effect of such action keeps fading.
Can Obama pass another round of stimulus? Bailouts? I doubt it, his PR can't take adding another quick trillion to the national debt.
I think our next recession will have to be an exercise in bullet-biting.
Posted 26 February 2013 - 01:09 PM
Posted 26 February 2013 - 01:13 PM
Does Obama care about his PR now? He's not getting re-elected... Biden can't get elected. Does he care that he'll hurt his party at this point? I don't know.
Posted 26 February 2013 - 01:21 PM
Perhaps if both sides come to a workable solution, things will start to pick up. Not that I think they will, but one can hope. My guess is that the cuts will go into effect for a short time, and then both sides will agree to kick it down the road again.
Posted 26 February 2013 - 01:26 PM
Making cuts wont help the economy, but we may have no other choice but to ride this out
Posted 26 February 2013 - 11:31 PM
I think hiring more government workers and raising taxes is a tried a true cure for any economy. We can do it over and over, because we all know government workers are worth their weight in gold and we as a nation do not pay nearly enough.
But the print industry will be golden printing twenties and hundies as the debt soars towards 20 trillion dollars.