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View Diary: The Untold Reason Why Unemployment Won't Go Down Before the 2010 Midterms (152 comments)

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  •  Our money spending binge has brought an (0+ / 0-)

    untenable situation.

    Because if unemployment does drop in a meaningful way we will immediately have massive price inflation.

    •  no we won't (2+ / 0-)
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      pHunbalanced, earicicle

      When was the last time inflation was a problem? It should have been a problem in the late 90's when we reached for all intents and purposes full employment, but it didn't. Hell, we had near full employment, low interest rates and we still didn't have inflation. The old way of thinking about inflation is dead, welcome to the new world where we need jobs and government spending. Stop trying to scare people with BS about inflation.

      I'm a firm believer in the philosophy of a ruling class, especially since I rule!

      by jbou on Sun Nov 15, 2009 at 05:34:26 PM PST

      [ Parent ]

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