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"How to Kill a Recovery" - Paul Krugman

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"How to Kill a Recovery" - Paul Krugman

Post by Guest on Fri Mar 04, 2011 11:24 am

The clear and present danger to recovery, however, comes from politics — specifically, the demand from House Republicans that the government immediately slash spending on infant nutrition, disease control, clean water and more. Quite aside from their negative long-run consequences, these cuts would lead, directly and indirectly, to the elimination of hundreds of thousands of jobs — and this could short-circuit the virtuous circle of rising incomes and improving finances

http://www.nytimes.com/2011/03/04/opinion/04krugman.html?_r=2&hp

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Re: "How to Kill a Recovery" - Paul Krugman

Post by jmainframe on Fri Mar 04, 2011 6:38 pm

Wanna kill a recovery? Have those greedy speculators raise crude oil prices to $200 a barrel, and keep it there for about 30 days, like they're trying to do now!
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Re: "How to Kill a Recovery" - Paul Krugman

Post by 503Depressed on Fri Mar 04, 2011 7:26 pm

jmainframe wrote:Wanna kill a recovery? Have those greedy speculators raise crude oil prices to $200 a barrel, and keep it there for about 30 days, like they're trying to do now!

Of course. Remember the prez of Shell stated that gas prices will be at $5/gal in 2012, well, the industry has to force that to become reality. Soon, only the rich will be able to afford auto fuel. I kinda expect that the oil industry actually wants us to pay the same as Europe. More money to line the pockets of those who own oil stocks.
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Re: "How to Kill a Recovery" - Paul Krugman

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