Comments on: Jim Cramer Blames Obama For The Recession And Implies He Is A Communist http://www.dailynerdy.com/03/02/cramer_blames_obama_for_the_recession/ Daily Nerdy :: Providing Nerds Their Daily Fix Of Technology, Apple, Hacking, Business, Politics, And More. Wed, 24 Feb 2010 12:24:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Andrew Powers http://www.dailynerdy.com/03/02/cramer_blames_obama_for_the_recession/comment-page-1/#comment-54 Andrew Powers Thu, 05 Mar 2009 07:03:50 +0000 http://www.dailynerdy.com/?p=258#comment-54 Where is the video? Where is the video?

]]> By: Leonard Skelton http://www.dailynerdy.com/03/02/cramer_blames_obama_for_the_recession/comment-page-1/#comment-53 Leonard Skelton Tue, 03 Mar 2009 21:28:29 +0000 http://www.dailynerdy.com/?p=258#comment-53 Depressions unwind leverage and debt. The depression in 1929 was caused by the huge amount of debt that was created by buying stock with as little as 1% down. I took years to unwind the debt. This depresssion is caused by the 500 plus trillion in derrivatives i.e. debt. This will take years to unwind. The error that FDR made and Obama is making is that they are creating a huge amount of additional governent debt. This is like throwing gasoline on the fire. It only makes matters worst. The Washington group think is confusiong lower prices of assets with a deflation in the money supply and therefor think that the cure is to inflate the money supply. This will not stimulate the economy. It will result in hiperinflation and a worthless dollar. The above assums that the motives of the elected officials are honest. Personally I think that they know what they are doing and are really only interested in a power grab. Depressions unwind leverage and debt. The depression in 1929 was caused by the huge amount of debt that was created by buying stock with as little as 1% down. I took years to unwind the debt. This depresssion is caused by the 500 plus trillion in derrivatives i.e. debt. This will take years to unwind.

The error that FDR made and Obama is making is that they are creating a huge amount of additional governent debt. This is like throwing gasoline on the fire. It only makes matters worst.

The Washington group think is confusiong lower prices of assets with a deflation in the money supply and therefor think that the cure is to inflate the money supply. This will not stimulate the economy. It will result in hiperinflation and a worthless dollar.

The above assums that the motives of the elected officials are honest. Personally I think that they know what they are doing and are really only interested in a power grab.

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