Thursday, January 28, 2010

The Myth of Recovery

Jesse contends that bailing out banks and pumping them full of cheap capital in order to make houses, commodities and stocks all more expensive is going to actually make consumers less likely to spend. Mr. Hudson makes the point that more Obama props up the fire economy and helps banks hide their bad assets, the longer we will have to wait for a recovery in consumer spending and decreases in unemployment.

http://jessescrossroadscafe.blogspot.com/2010/01/tale-of-two-economies-and-myth-of.html

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