THE NOTION THAT IN THE MIDDLE OF A GREAT DEPRESSION...THE "NEW" FOX REPUBLICANS AND TEABAGGERS WILL ANNOUNCE AN AUSTERITY BUDGET THE DAY AFTER THE ELECTION IS REALLY TOO CRAZY....
EVERY ECONOMIC THEORY SAYS THAT THE GOVERNMENT MUST BAIL OUT THE PRIVATE SECTOR WHEN THEY LOOT TOO MUCH...AND THE ECONOMY FALLS INTO A DEPRESSION FROM RAMPANT GREED...
THE VERY IDEA OF THE REPUBLICANS TAKING THIS APPROACH COULD PLUNGE THE MARKETS INTO A MAJOR BEAR MARKET BEFORE THE END OF THIS YEAR...
YES THERE WILL BE QE.2....BUT THE VELOCITY OF MONEY IS ZERO...SO THAT MONEY WILL JUST SIT IN THE BANKS...UNLESS A LITTLE OF IT GOES INTO COMMODITY SPECULATION ... IN THE FEDS DESPERATE ATTEMPT TO CAUSE INFLATION... THEY HAD BEST BE CAREFUL WHAT THEY WISH FOR....
ANY TEABAGGER "WIN" WILL BE SPECTACLE LIKE NOTHING WE HAVE SEEN SO FAR IN THIS DEPRESSION...
THE NOTION THAT THE FOX REPUBLICANS WHO CAUSE THE DEPRESSION 18 MONTHS AGO...WILL BE PUT BACK IN CHARGE OF THE ECONOMY THEY TRASHED...IS TO ASSUME MASSIVE STUPIDITY IN THE ELECTORATE...
BUT THEN THE PUBLIC IS STUPID...AND SADLY BRAINWASHED BY THE FOX FREAKS...
WELL.... LET IT RIP...
NOTHING WILL WORK...SO THIS NEW DEBACLE CAN'T DO ANY REAL HARM...
