[M Kehoe]

Good morning.

If it hadn't been for the Fed buying U.S. debt, the stimulus in '09, and all of the other government spending, GDP would be negative.

In other words, we (the private sector) never got out of the 2007-08 recession.

So, as proved once again, you can't spend your way out of a recession, or debt.

Speaking of debt, the brain trust in DC forgot the first rule of holes, among other things.

5.56mm

[HangnJudge]

In other words,
we (the private sector) never got out of the 2007-08 recession

[jospehm20]

That is what I think. Headed for a recession? We never recovered from the last one.