Quote from lrm21:
There are no more bubbles.
No more bubbles for a while.
Nothing left "to bubble up"...
What the economy NEEDS is for people who are non-wealthy to get some [additional] money into their hands to "spend in the economy".
That money will come from reduced taxes (on them, but higher taxes on the wealthy), subsidies, stimulus packages, tax credits, print-money inflation, greater deficits, currency debasement, etc. That will be the function of Socialistic "spreading the wealth around".
Even if McCain were to win, the Socialistic approach would have to be used... it's all that's left.
The next go-round will be one of "conuming our assets"... no growth.
