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Old 11-25-2008, 11:19 PM  
PXN
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Quote:
Originally Posted by kane View Post
Here is how it will play out.

1.Obama surrounds himself with some very strong economic minds (he is already doing this)

2. Together they get a plan in place to help turn the economy around. The economy is a cyclical thing anyways so there are always downturns. This one was aided by other forces and combined we have hit a real rough spot. The economy starts to regain its strength. Unemployment drops and things start to look up.

3. More spending occurs, but not a lot of spending cuts to offset it. This helps us to stay in debt.

4. As our economy rebounds so does the world's. Everyone is starting to feel more at ease and everything is back to "business as usual." We can stop worrying about the economy and get back to important things like if gays should be married or if I should be allowed to watch Max Hardcore piss in a girl's mouth.

5. As the worldwide economy continues to grows we borrow more and more money from China. We need this money to pay for all of our new projects.

6. In 5-6 years there is another cyclical economic downturn. because there was little or no regulation on the current bailout there were not many fundamental changes to how our financial industry works so as the economy slides, so does it. We need money then to bring us out of it and China makes us a deal we can't refuse. Not because it is a good deal, but because by then we will have huge debt, so much worthless cash in circulation and a failing economy that we will have no other choice.

7. I go to my local bank and trade in all my American Greenbacks for smooth, cool Chinese yen and I receive a free T-shirt that simply says "Owned" on it.

Then again maybe Obama's people will not just figure out how to get us out of this mess, but also how to sustain growth for a long period of time while reducing debt and cutting spending.
I would admit I didn't read everything you wrote but scan thru it. One thing I like to point out is your #7 point. There is no such thing as a Chinese yen. Yen are Japs.
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