A save and invest economy
I don't like to link to the Moonie Times but Jon Ward asked a good question and received interesting answers from Obama and Merkel. Key points:
[More posts daily at The Detroit News]
PRESIDENT OBAMA: Families are going to have to start making more prudent decisions about spending, and increasing their savings rate. Businesses are going to be making investments, and we want to spur as much investment as possible, but the whole point is to move from a borrow-and-spend economy to a save-and-invest economy.Good slogan to sell his agenda. Now, if he could just teach that lesson to the banksters... And this is significant.
CHANCELLOR MERKEL: We're grateful for the fact that each and every one around the table assured us that we will not resort to protectionist measures. That is something that we were at one about. And this only will make it possible, incidentally, to emerge from this crisis. The fact that this wasn't done in the '30s was one of the big mistakes that was made then and that we don't want to repeat.The answers, of course, were much longer. The other thing that still knocks me out is having a president that gives knowledgeable answers to tough questions.
[More posts daily at The Detroit News]
Labels: economy, President Obama, World politics
posted by Libby Spencer at 10:50 AM
2 Comments:
a president that gives knowledgeable answers to tough questions.
Of course "they" prefer to hear tough answers to knowledgeable questions. Knowledgeable people are suspect, you know. Too many of them are commiefascist Liberals.
LOL Fogg, all too true but "they" are looking increasingly shrill and irrelevant as their whining complaints descend into petty complaints about minutia.
I hate what he's doing with the bankster fraud on Wall St, but I voted for him precisely because I thought he would bring this kind of statemanship back into play. Nothing will keep us safer than cordial international relations.
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