Quote:
Originally Posted by capecodphyllis
Price inflation, which clearly is running well over 10% per year is a monetary symptom, not an independent phenomenon.
|
Nice Post Phyllis.
Speaking for myself... you're preaching to the choir on some of what you wrote, as I've been saying the same thing in this thread, over and over again. However, we have to spend the money Phyllis. There is no choice. The housing bubble nearly crippled the country and you have no idea how close we almost came to Depression. Stimulus is the only answer, however how they are doing it is horrible. Banks get bailed out instead of people. I read somewhere that the bailout money would have paid the mortgage off on 97% of outstanding mortgages.
Instead NY banks get it all.
I guess I owe you an apology. Since Sailaway21 has opted out of this thread, I see that he found you.
sorry.