*blocked.

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hows this for a rational, objective indicator:

http://research.stlouisfed.org/fred2/fredgraph?s[1][id]=AMBNS

What's that illustrate?

All of the money we have to pump into an economy completely wrecked by Bushco.

^looks to me like every $100 in your savings account is only going to buy you $50 in groceries next year. Basically take everything you earn and everything you have saved in your entire life and divided it by two. Thats your financial outlook next year, per that graph.

If you say so, stellar, then for some funny reason I'm relieved.

Your batting average hasn't exactly been exceptional from what I've read.

Have the super rich abandoned Obama? Right before the election took place, opinion polls showed that most Americans with yearly incomes of $250k or more supported Obama over McCain. I'd like to know what they think now though. Do they regret voting for Obama?

>> ^rougy:
What's that illustrate?

Actually, it's the illustration of a monetarist economist listening to what Milton Friedman said about the Great Depression, and trying to radically increase the money supply to try to stave off a deflationary depression.

Paul Krugman seems to think that the example of Japan's Lost Decade and the current crisis have proven Friedman was wrong, but I think there's certainly a healthy debate about what causes deflation, and what the right response to it should be (Krugman says fiscal stimulus, like the one just passed is the right idea, but that $787bn is about half or one third of what's needed).

Austrian economists say the right thing to do is for government to shrink, and for people to save, and above all else that government should not be permitted to tweak the money supply...but that's what they say in good times and bad, so it's not surprising that's what they're saying now.

You then add in politicians and their divergent moral philosophies as well as political constituencies, and this whole thing becomes really noisy.

I doubt there will be consensus about what caused this, what fixed it, or which of Obama's policies were helpful, even in 2080.

Looking for a rational, objective indicator of the validity of Obama's policies in realtime is folly; no such thing could possibly exist.

was that graph just for that regional bank or the US?

For one, that's not what Friedman said, and for two, I don't believe in monetarism.

>> ^NetRunner:
>> ^rougy:
What's that illustrate?
Actually, it's the illustration of a monetarist economist listening to what Milton Friedman said about the Great Depression, and trying to radically increase the money supply to try to stave off a deflationary depression.