Friday, September 2, 2011

Its Production, Stupid.

Great idea. Lets have the government take on the debt from underwater-mortgages so consumers will start running up their credit cards again.

http://www.cnbc.com/id/44358398

“The biggest failure is that these people are still working on consumption rather than production programs,” he said. “Until they figure out that more production is what is required we will continue to take money out of one pocket and put it into another and assume that we have accomplished something.”


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