[palmer]

In the U.S., for starters, since he thinks it will rebound quicker than other countries as the federal government pours stimulus into markets of all kinds.

So it's good that individuals have stopped borrowing to consume, but it's also good that the government is going to do it for us instead? Has this guy heard of mal-investment? What will govt borrowing and spending to buy all sorts of stupid windmill crap accomplish in the long run? What will it do to commodity (and production) prices for things the economy actually needs? We should consider ourselves lucky if the govt spending is merely used to dig holes and fill them back in.

[bruinbirdman]

"We should consider ourselves lucky if the govt spending is merely used to dig holes and fill them back in."

In Nevada, state revenue is off about 30%, back to the level of 2005. The Governor swore to veto any tax increases and budgeted a cut of 11% for teachers K-12 and a 35+% cut in university spending.

The state legislature likes teachers and is counting on $250+ million from the socialists in Washington.

There's your stimulous. The Obammunist is bailing out the teachers' unions in the states.

yitbos