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Gridlock in Congress, where Republicans won't raise taxes and Democrats won't cut spending, does...
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Tuesday, March 16, 2010, 10:08 AM ETGridlock in Congress, where Republicans won't raise taxes and Democrats won't cut spending, does not bode well for fixing "runaway fiscal deficits," Nouriel Roubini says. "If we cannot raise taxes or cut spending, the path of least resistance is going to be running the printing presses."
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Dont fight the tape. We have hit some highs not seen in 17 and a half months! You could go broke shorting into this. The data in the pipeline is not promising, clearly this market rise is unsustainable.
Obama, Pelosi, etc. are hardcore believers that government is better than the private sector. It's completely in their self-interest, of course, to believe this. But unfortunately, much of the voting populace wants "free stuff," and expects government to solve their problems.
Good to see that folks are getting angry about big government standing in the way of growth. But it's not encouraging that so few Americans understand basic economics.