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  • David White
    Much of the money doled out by the Federal government over the last few years has done little long lasting good.
    6/21/12
    Reply (7)
    • Ocean Man: If it prevented a global financial meltdown, it did a lot of good.
      6/21/12
    • David White: The QE1 may have done that. It was probably good overall. The other QE's have pushed commodities prices up (oil), which may have done as
      6/21/12
    • David White: much or even more harm than good. Encourages a higher trade deficit. Give people a false sense of economic security. Prevents US from
      6/21/12
    • David White: addressing its important underlying problems that are causing much of the economic trouble. Antithesis of correcting them.
      6/21/12
    • David White: For example, most of the EU countries made serious changes to their entitlement programs. The US has yet to make any real changes.
      6/21/12
    • David White: If anything the Obama administration is increasing bureaucracy and entitlement programs. This is bad long term. Fed has been helping
      6/21/12
    • David White: this false sense of security along.
      6/21/12