Sunday, August 8, 2010

Austerity now

By Creature

"I wouldn't do a major second stimulus because I think...we run a risk that it could be counterproductive in creating a lot of additional uncertainty and undermining confidence." Bob Rubin, former Clinton Treasury Secretary and god to current one.

Maybe it's just me, but wouldn't Wall Street be much more "confident" if they knew further stimulus spending was a possibility. More spending means more people can buy their crap. That should be a good thing, no? Only in a world where the haves already got their bailout does this make sense.

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